Advisors Asset Management INC Holding in Southern Co (SO) Has Lifted by $4.03 Million

April 22, 2018 - By Ellis Scott

The Southern Company (NYSE:SO) LogoInvestors sentiment increased to 1.1 in 2017 Q4. Its up 0.10, from 1 in 2017Q3. It improved, 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. Focused Wealth Mgmt reported 2,261 shares. Nikko Asset Mngmt Americas holds 3,900 shares. Congress Asset Management Co Ma has 0.01% invested in The Southern Company (NYSE:SO). 5,559 were reported by Rnc Management Limited Liability Company. Dubuque Bancshares & holds 0.01% of its portfolio in The Southern Company (NYSE:SO) for 1,070 shares. Ngam Advisors Limited Partnership invested in 0.03% or 68,019 shares. Pathstone Family Office Limited Liability Corp, a New Jersey-based fund reported 3,270 shares. Sumitomo Mitsui Tru Holdg owns 0.19% invested in The Southern Company (NYSE:SO) for 3.02 million shares. Cim Invest Mangement owns 10,438 shares for 0.17% of their portfolio. Orrstown Services Inc owns 2,150 shares. Wedgewood Invsts Inc Pa holds 0.18% in The Southern Company (NYSE:SO) or 4,650 shares. Exchange Capital Inc owns 8,404 shares or 0.14% of their US portfolio. Brinker invested in 0.02% or 9,693 shares. Rocky Mountain Advisers Ltd Liability Co accumulated 3.63% or 19,109 shares. Comerica Comml Bank reported 309,423 shares stake.

Since October 26, 2017, it had 0 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 $45.79B market cap company. The stock decreased 0.83% or $0.38 during the last trading session, reaching $45.22. About 4.99 million 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 Hollyfrontier Corp (NYSE:HFC) by 200,800 shares to 395,537 shares, valued at $20.26M in 2017Q4, according to the filing. It also reduced its holding in Centerpoint Energy Inc (NYSE:CNP) by 238,904 shares in the quarter, leaving it with 76,211 shares, and cut its stake in Western Digital Corp (NASDAQ:WDC).

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. Deutsche Bank maintained The Southern Company (NYSE:SO) on Thursday, February 22 with “Buy” rating. SunTrust maintained The Southern Company (NYSE:SO) rating on Tuesday, January 16. SunTrust has “Hold” rating and $47.0 target. The company was maintained on Friday, December 8 by Mizuho. The firm earned “Underweight” rating on Monday, November 13 by Morgan Stanley. The firm has “Hold” rating by SunTrust given on Wednesday, January 3. SunTrust maintained it with “Hold” rating and $46.0 target in Monday, March 19 report. The firm earned “Underweight” rating on Thursday, March 8 by Morgan Stanley. The stock has “Hold” rating by SunTrust on Friday, February 23. The stock has “Buy” rating by Mizuho on Tuesday, December 26. SunTrust maintained the shares of SO in report on Wednesday, December 6 with “Hold” rating.

The Southern Company (NYSE:SO) Institutional Positions Chart

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