Hightower Advisors LLC Has Decreased Position in Southern Co (SO) by $4.85 Million as Market Valuation Rose

December 7, 2017 - By Adrian Erickson

Investors sentiment decreased to 1.16 in Q2 2017. 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. North Star Investment Mngmt Corp reported 4,160 shares. Naples Advsr Limited Liability Co holds 42,936 shares. Brookstone Cap Management stated it has 137,130 shares. Sei Invests Co, a Pennsylvania-based fund reported 329,758 shares. Arrow Financial Corporation holds 0.01% or 815 shares in its portfolio. Commonwealth National Bank Of Australia invested in 104,390 shares. Verity Asset Mngmt Inc reported 5,217 shares. 46,845 are held by Signaturefd Lc. Dupont Capital Management accumulated 40,789 shares. Quantres Asset Ltd reported 26,600 shares or 0.83% of all its holdings. South Dakota Council reported 6,500 shares. Sfmg Llc reported 0.06% of its portfolio in The Southern Company (NYSE:SO). First Midwest Retail Bank Division holds 0.19% of its portfolio in The Southern Company (NYSE:SO) for 31,783 shares. World Asset Mngmt holds 0.15% of its portfolio in The Southern Company (NYSE:SO) for 91,447 shares. Moneta Group Incorporated Inv Ltd Liability, a Missouri-based fund reported 9,112 shares.

Since June 12, 2017, it had 0 buys, and 3 selling transactions for $3.96 million activity. $256,400 worth of The Southern Company (NYSE:SO) shares were sold by Daiss Ann P. $2.42M worth of stock was sold by BEATTIE ART P on Wednesday, June 14.

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 $51.52B 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 $15.08 billion and $11.55 billion US Long portfolio, upped its stake in Glaxosmithkline Plc (NYSE:GSK) by 73,141 shares to 585,558 shares, valued at $25.25M in 2017Q2, according to the filing. It also increased its holding in Spdr S&P Midcap 400 Etf Tr (MDY) by 15,714 shares in the quarter, for a total of 36,406 shares, and has risen its stake in Ishares Tr (IWP).

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: “Southern Company: This 5.25% Baby Bond Started Trading On The NYSE” on November 29, 2017, also Seekingalpha.com with their article: “Buy Southern Company On Improving Earnings Visibility” published on November 21, 2017, Investorplace.com published: “Southern Co (SO) Sees Rating Drop….. Eroding Sales Growth” on November 15, 2017. More interesting news about The Southern Company (NYSE:SO) were released by: Bizjournals.com and their article: “40 under 40 Awards: Southern Co.’s Matthew Bozzelli” published on November 28, 2017 as well as Bloomberg.com‘s news article titled: “Toshiba to Speed $1.5 Billion Payment to Southern on Nuke Plant” with publication date: December 05, 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. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, August 2 report. Citigroup initiated the shares of SO in report on Thursday, December 15 with “Sell” rating. Zacks upgraded The Southern Company (NYSE:SO) rating on Sunday, August 16. Zacks has “Hold” rating and $51 target. The company was maintained on Tuesday, October 24 by Bank of America. The firm earned “Underweight” rating on Thursday, August 10 by Morgan Stanley. The stock of The Southern Company (NYSE:SO) has “Buy” rating given on Tuesday, June 6 by Jefferies. The firm has “Hold” rating given on Sunday, July 30 by RBC Capital Markets. RBC Capital Markets maintained The Southern Company (NYSE:SO) on Sunday, September 3 with “Hold” rating. Scotia Capital initiated the stock with “Sector Perform” rating in Friday, May 13 report. The stock of The Southern Company (NYSE:SO) earned “Sector Perform” rating by Howard Weil on Friday, May 13.

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