Advisors Asset Management INC Upped Its Southern Co (SO) Holding by $4.03 Million

April 22, 2018 - By Maria Brooks

The Southern Company (NYSE:SO) LogoInvestors sentiment increased to 1.1 in Q4 2017. Its up 0.10, from 1 in 2017Q3. It increased, as 56 investors sold SO shares while 329 reduced holdings. 75 funds opened positions while 350 raised stakes. 548.17 million shares or 4.36% more from 525.28 million shares in 2017Q3 were reported. M&T Fincl Bank has 0.05% invested in The Southern Company (NYSE:SO) for 196,409 shares. Opus Inv Management holds 19,800 shares or 0.17% of its portfolio. Atwood Palmer reported 0% of its portfolio in The Southern Company (NYSE:SO). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.09% of its portfolio in The Southern Company (NYSE:SO) for 217,483 shares. Gulf Int Bankshares (Uk) Limited has 0.19% invested in The Southern Company (NYSE:SO). Whittier reported 1,858 shares stake. Hudson Valley Invest Advsr Adv invested in 8,099 shares. Td Asset Mngmt, Ontario – Canada-based fund reported 742,163 shares. Advantage Inc holds 3.41% or 89,512 shares. Philadelphia Tru, a Pennsylvania-based fund reported 23,148 shares. Lau Assoc Ltd Liability Corporation stated it has 8,000 shares or 0.3% of all its holdings. American Research Mgmt owns 0.05% invested in The Southern Company (NYSE:SO) for 3,371 shares. Crestpoint Mngmt Limited Com invested in 1.25% or 46,900 shares. Eagle Ridge Inv Mngmt reported 110,276 shares. Patten And Patten Tn accumulated 0.09% or 17,677 shares.

Since October 26, 2017, it had 0 insider buys, and 1 insider sale for $2.46 million activity.

Advisors Asset Management Inc increased its stake in Southern Co (SO) by 17.06% based on its latest 2017Q4 regulatory filing with the SEC. Advisors Asset Management Inc bought 83,973 shares as the company’s stock declined 8.19% with the market. The institutional investor held 576,253 shares of the central company at the end of 2017Q4, valued at $27.71M, up from 492,280 at the end of the previous reported quarter. Advisors Asset Management Inc who had been investing in Southern Co for a number of months, seems to be bullish on the $45.79 billion market cap company. The stock decreased 0.83% or $0.38 during the last trading session, reaching $45.22. About 4.99M shares traded. The Southern Company (NYSE:SO) has declined 11.47% since April 22, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

Advisors Asset Management Inc, which manages about $16.50B and $6.08B US Long portfolio, decreased its stake in Centerpoint Energy Inc (NYSE:CNP) by 238,904 shares to 76,211 shares, valued at $2.16 million in 2017Q4, according to the filing. It also reduced its holding in Flowers Foods Inc (NYSE:FLO) by 235,168 shares in the quarter, leaving it with 793,760 shares, and cut its stake in Caterpillar Inc Del (NYSE:CAT).

The Southern Company (NYSE:SO) Ratings Coverage

Among 11 analysts covering Southern (NYSE:SO), 3 have Buy rating, 5 Sell and 3 Hold. Therefore 27% are positive. Southern had 30 analyst reports since October 24, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, December 26 by SunTrust. The rating was maintained by SunTrust on Wednesday, January 3 with “Hold”. The stock has “Underweight” rating by JP Morgan on Tuesday, April 10. The rating was maintained by Bank of America with “Underperform” on Tuesday, October 24. SunTrust maintained the stock with “Hold” rating in Monday, February 12 report. The firm earned “Hold” rating on Monday, April 9 by SunTrust. The company was maintained on Tuesday, February 27 by Credit Suisse. The stock of The Southern Company (NYSE:SO) has “Hold” rating given on Monday, January 22 by SunTrust. The company was maintained on Tuesday, December 26 by Mizuho. The company was maintained on Thursday, March 8 by Morgan Stanley.

The Southern Company (NYSE:SO) Institutional Positions Chart

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