Southern Co (SO) : Woodmont Investment Counsel reduced its stake in Southern Co by 1.8% during the most recent quarter end. The investment management company now holds a total of 91,517 shares of Southern Co which is valued at $4,358,955 after selling 1,673 shares in Southern Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Southern Co makes up approximately 1.27% of Woodmont Investment Counsel’s portfolio.
Other Hedge Funds, Including , Cushing Asset Management Lp added SO to its portfolio by purchasing 60,000 company shares during the most recent quarter which is valued at $2,857,800. Southern Co makes up approx 0.09% of Cushing Asset Management Lp’s portfolio.State Of Tennessee Treasury Department reduced its stake in SO by selling 273,142 shares or 39.02% in the most recent quarter. The Hedge Fund company now holds 426,838 shares of SO which is valued at $21,008,966. Southern Co makes up approx 0.10% of State Of Tennessee Treasury Department’s portfolio. Bedell Frazier Investment Counseling added SO to its portfolio by purchasing 6,039 company shares during the most recent quarter which is valued at $305,694. Southern Co makes up approx 0.13% of Bedell Frazier Investment Counseling’s portfolio.Qci Asset Management Incny reduced its stake in SO by selling 2,089 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 267,556 shares of SO which is valued at $13,407,231. Southern Co makes up approx 1.95% of Qci Asset Management Incny’s portfolio.
Southern Co closed down -0.37 points or -0.78% at $47.13 with 56,11,586 shares getting traded on Monday. Post opening the session at $47.56, the shares hit an intraday low of $46.891 and an intraday high of $47.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Southern Co reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $1.18. The company had revenue of $6264.00 million for the quarter, compared to analysts expectations of $6034.32 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 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.