State Of Alaska Department Of Revenue Stake in Southern Co (SO) Lowered by $3.97 Million as Valuation Declined

April 17, 2018 - By Ann Prendergast

The Southern Company (NYSE:SO) LogoInvestors sentiment increased to 1.1 in 2017 Q4. 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. Winch Advisory Service Ltd Liability has 730 shares for 0.02% of their portfolio. Hsbc Public Ltd Co reported 0.1% in The Southern Company (NYSE:SO). Bnp Paribas Arbitrage holds 0.09% of its portfolio in The Southern Company (NYSE:SO) for 1.08M shares. Veritable Limited Partnership has invested 0.05% of its portfolio in The Southern Company (NYSE:SO). Epoch Investment Prns invested in 0.53% or 3.34M shares. 380,951 are held by Welch Limited Liability Corporation. Asset Strategies reported 0.08% of its portfolio in The Southern Company (NYSE:SO). Sather Financial Group Incorporated invested in 0.11% or 9,000 shares. Advisory Service Llc has invested 0.32% in The Southern Company (NYSE:SO). Financial Inc owns 4,000 shares for 0.08% of their portfolio. Moreover, Bnp Paribas Asset Hldgs Sa has 0.11% invested in The Southern Company (NYSE:SO) for 263,984 shares. Nomura Holdings holds 0.01% or 113,571 shares in its portfolio. Ledyard Bancorp has invested 0.02% in The Southern Company (NYSE:SO). Wolverine Asset Ltd has 6,545 shares. Mufg Americas Holdg stated it has 21,783 shares or 0.03% of all its holdings.

Since October 20, 2017, it had 0 insider buys, and 3 insider sales for $4.03 million activity. 46,941 shares valued at $2.46 million were sold by BEATTIE ART P on Thursday, October 26. Daiss Ann P had sold 5,000 shares worth $261,400.

State Of Alaska Department Of Revenue decreased its stake in Southern Co (SO) by 23.6% based on its latest 2017Q4 regulatory filing with the SEC. State Of Alaska Department Of Revenue sold 82,647 shares as the company’s stock declined 8.19% with the market. The institutional investor held 267,586 shares of the central company at the end of 2017Q4, valued at $12.87 million, down from 350,233 at the end of the previous reported quarter. State Of Alaska Department Of Revenue who had been investing in Southern Co for a number of months, seems to be less bullish one the $46.38 billion market cap company. The stock increased 1.63% or $0.735 during the last trading session, reaching $45.805. About 3.34 million shares traded. The Southern Company (NYSE:SO) has declined 11.47% since April 17, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

State Of Alaska Department Of Revenue, which manages about $4.19 billion US Long portfolio, upped its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 36,462 shares to 42,671 shares, valued at $8.10M in 2017Q4, according to the filing. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 121,428 shares in the quarter, for a total of 128,498 shares, and has risen its stake in United Technologies Corp (NYSE:UTX).

Analysts await The Southern Company (NYSE:SO) to report earnings on May, 2. They expect $0.81 EPS, up 22.73 % or $0.15 from last year’s $0.66 per share. SO’s profit will be $820.17M for 14.14 P/E if the $0.81 EPS becomes a reality. After $0.51 actual EPS reported by The Southern Company for the previous quarter, Wall Street now forecasts 58.82 % EPS growth.

The Southern Company (NYSE:SO) Ratings Coverage

Among 12 analysts covering Southern Co (NYSE:SO), 3 have Buy rating, 5 Sell and 4 Hold. Therefore 25% are positive. Southern Co had 32 analyst reports since October 18, 2017 according to SRatingsIntel. As per Thursday, January 11, the company rating was downgraded by Goldman Sachs. RBC Capital Markets maintained it with “Buy” rating and $53.0 target in Monday, October 30 report. The company was maintained on Monday, January 22 by SunTrust. The company was maintained on Friday, December 8 by Mizuho. SunTrust maintained the stock with “Hold” rating in Monday, April 16 report. SunTrust maintained The Southern Company (NYSE:SO) on Monday, April 9 with “Hold” rating. The firm has “Hold” rating by SunTrust given on Wednesday, October 18. Morgan Stanley maintained the shares of SO in report on Thursday, March 8 with “Underweight” rating. SunTrust maintained it with “Hold” rating and $46.0 target in Monday, February 12 report. Morgan Stanley maintained The Southern Company (NYSE:SO) on Monday, November 13 with “Underweight” rating.

The Southern Company (NYSE:SO) Institutional Positions Chart

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