Simmons Bank buys $3,358,122 stake in Southern Co (SO)

Southern Co (SO) : Simmons Bank scooped up 6,192 additional shares in Southern Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 63,313 shares of Southern Co which is valued at $3,358,122.Southern Co makes up approximately 0.37% of Simmons Bank’s portfolio.

Other Hedge Funds, Including , Tortoise Investment Management added SO to its portfolio by purchasing 58 company shares during the most recent quarter which is valued at $3,076.Cibc Asset Management Inc reduced its stake in SO by selling 2,354 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 181,291 shares of SO which is valued at $9,615,675. Southern Co makes up approx 0.07% of Cibc Asset Management Inc’s portfolio.1st Source Bank reduced its stake in SO by selling 350 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 5,432 shares of SO which is valued at $290,612. Southern Co makes up approx 0.03% of 1st Source Bank’s portfolio.Community Bank N.a. reduced its stake in SO by selling 146 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 8,212 shares of SO which is valued at $440,327. Southern Co makes up approx 0.10% of Community Bank N.a.’s portfolio.

Southern Co opened for trading at $52.71 and hit $53.04 on the upside on Monday, eventually ending the session at $52.69, with a gain of 0.09% or 0.05 points. The heightened volatility saw the trading volume jump to 34,22,088 shares. Company has a market cap of $48,383 M.

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.

Many Wall Street Analysts have commented on Southern Co. Goldman Resumed Southern Co on Jul 14, 2016 to “Neutral”, Price Target of the shares are set at $54.Company shares were Upgraded by Barclays on Jul 14, 2016 to ” Overweight”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Company shares were Reiterated by Mizuho on Jul 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .

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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