Prospera Financial Services Inc buys $2,166,727 stake in Southern Co (SO)

Southern Co (SO) : Prospera Financial Services Inc scooped up 6,908 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 43,852 shares of Southern Co which is valued at $2,166,727.Southern Co makes up approximately 0.44% of Prospera Financial Services Inc’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in SO in the latest quarter, The investment management firm added 86,583 additional shares and now holds a total of 6,494,563 shares of Southern Co which is valued at $320,896,358. Southern Co makes up approx 0.33% of Legal General Group Plc’s portfolio.Naples Global Advisors boosted its stake in SO in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 37,911 shares of Southern Co which is valued at $1,886,072. Southern Co makes up approx 0.74% of Naples Global Advisors’s portfolio.Raymond James Trust N.a. boosted its stake in SO in the latest quarter, The investment management firm added 571 additional shares and now holds a total of 111,811 shares of Southern Co which is valued at $5,562,597. Southern Co makes up approx 0.48% of Raymond James Trust N.a.’s portfolio.First United Bank Trust boosted its stake in SO in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 28,210 shares of Southern Co which is valued at $1,403,448. Southern Co makes up approx 1.17% of First United Bank Trust’s portfolio.

Southern Co closed down -0.34 points or -0.68% at $49.41 with 58,68,609 shares getting traded on Tuesday. Post opening the session at $49.58, the shares hit an intraday low of $49.16 and an intraday high of $49.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Southern Co reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.70. The company had revenue of $4453.00 million for the quarter, compared to analysts expectations of $4453.23 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Company’s business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies including Alabama Power Georgia Power Gulf Power and Mississippi Power are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company which is also an operating public utility company. Southern Power constructs acquires owns and manages generation assets including renewable energy projects and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.

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