As Southern Co (SO) Share Value Rose, Hightower Advisors LLC Decreased by $4.85 Million Its Holding

December 7, 2017 - By Vivian Currie

Investors sentiment decreased to 1.16 in 2017 Q2. Its down 0.01, from 1.17 in 2017Q1. It dropped, as 60 investors sold SO shares while 330 reduced holdings. 78 funds opened positions while 373 raised stakes. 520.53 million shares or 0.60% less from 523.66 million shares in 2017Q1 were reported. Aperio Group Limited Liability has 0.18% invested in The Southern Company (NYSE:SO). Trustmark Bank & Trust Trust Department accumulated 116,264 shares. Camelot Portfolios Limited Liability Company accumulated 0.45% or 18,964 shares. Panagora Asset Mgmt reported 152,630 shares. 17,959 were reported by Rocky Mountain Advisers Ltd. Teacher Retirement Of Texas accumulated 10,367 shares. First Republic Management Inc has invested 0.02% of its portfolio in The Southern Company (NYSE:SO). Cobblestone Cap Advsrs Lc Ny reported 7,011 shares. Rothschild Asset Incorporated has 0.01% invested in The Southern Company (NYSE:SO). Old Second Comml Bank Of Aurora stated it has 4,975 shares. Thrivent Fin For Lutherans reported 43,202 shares stake. Edgemoor Investment owns 143,036 shares or 0.93% of their US portfolio. Welch & Forbes Llc accumulated 17,078 shares or 0.02% of the stock. Personal Capital Advisors Corp invested in 0.2% or 186,847 shares. Fulton Bancshares Na invested 0.17% of its portfolio in The Southern Company (NYSE:SO).

Since June 12, 2017, it had 0 insider purchases, and 3 sales for $3.96 million activity. Shares for $256,400 were sold by Daiss Ann P on Monday, June 12. Shares for $1.29 million were sold by Lantrip Mark.

Hightower Advisors Llc decreased its stake in Southern Co (SO) by 19.83% based on its latest 2017Q2 regulatory filing with the SEC. Hightower Advisors Llc sold 103,226 shares as the company’s stock rose 4.35% with the market. The institutional investor held 417,437 shares of the central company at the end of 2017Q2, valued at $19.98M, down from 520,663 at the end of the previous reported quarter. Hightower Advisors Llc who had been investing in Southern Co for a number of months, seems to be less bullish one the $51.52 billion market cap company. The stock increased 0.86% or $0.44 during the last trading session, reaching $51.33. About 6.64M shares traded or 49.57% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since December 7, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.

Hightower Advisors Llc, which manages about $15.08B and $11.55 billion US Long portfolio, upped its stake in Us Bancorp Del (NYSE:USB) by 202,331 shares to 461,314 shares, valued at $23.95 million in 2017Q2, according to the filing. It also increased its holding in Ishares Tr (ITOT) by 287,899 shares in the quarter, for a total of 863,969 shares, and has risen its stake in Snap On Inc (NYSE:SNA).

Analysts await The Southern Company (NYSE:SO) to report earnings on February, 28. They expect $0.47 earnings per share, up 95.83 % or $0.23 from last year’s $0.24 per share. SO’s profit will be $471.70M for 27.30 P/E if the $0.47 EPS becomes a reality. After $1.12 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts -58.04 % negative EPS growth.

More notable recent The Southern Company (NYSE:SO) news were published by: Seekingalpha.com which released: “Buy Southern Company On Improving Earnings Visibility” on November 21, 2017, also Bloomberg.com with their article: “Toshiba to Speed $1.5 Billion Payment to Southern on Nuke Plant” published on December 05, 2017, Investorplace.com published: “Southern Co (SO) a Hold on Poor Earnings Momentum” on November 29, 2017. More interesting news about The Southern Company (NYSE:SO) were released by: Streetinsider.com and their article: “Form 8-K SOUTHERN CO For: Nov 30 Filed by: MISSISSIPPI POWER CO” published on December 01, 2017 as well as Seekingalpha.com‘s news article titled: “Southern Company: This 5.25% Baby Bond Started Trading On The NYSE” with publication date: November 29, 2017.

The Southern Company (NYSE:SO) Ratings Coverage

Among 18 analysts covering The Southern Company (NYSE:SO), 6 have Buy rating, 4 Sell and 8 Hold. Therefore 33% are positive. The Southern Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of The Southern Company (NYSE:SO) earned “Neutral” rating by SunTrust on Monday, September 26. The stock of The Southern Company (NYSE:SO) earned “Buy” rating by Mizuho on Tuesday, October 17. On Wednesday, October 18 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock of The Southern Company (NYSE:SO) has “Buy” rating given on Tuesday, June 6 by Jefferies. The company was maintained on Wednesday, August 30 by Jefferies. The firm has “Hold” rating by Zacks given on Sunday, August 16. The stock of The Southern Company (NYSE:SO) has “Hold” rating given on Wednesday, June 28 by RBC Capital Markets. The firm earned “Sell” rating on Thursday, December 15 by Citigroup. The firm has “Sector Perform” rating given on Friday, May 13 by Scotia Capital. BMO Capital Markets maintained The Southern Company (NYSE:SO) on Friday, March 31 with “Hold” rating.

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