Sentiment Change Report: Southern Co (NYSE:SO) at 0.89

June 27, 2018 - By Ronnie Lemelle

The Southern Company (NYSE:SO) Corporate Logo

Positions for Southern Co (NYSE:SO)

In 2018 Q1 Southern Co (NYSE:SO) big money sentiment decreased to 0.89, SEC filings reveal. So its down -0.21, from 2017Q4’s 1.1. 385 institutional investors opened new or increased holdings, while 435 decreased and sold their stakes in Southern Co so the sentiment turned negative. These funds own 558.65 million shares, that’s up from 548.17 million shares in 2017Q4. Funds holding Southern Co in top 10 increased from 4 to 7 for an increase of 3. 76 Investors Sold All; 359 Reduced Holdings; 310 increased holdings while 75 institutional investors bought holdings.

Biggest Southern Co Investors

As of 2018 Q1 Rocky Mountain Advisers Llc has 3.49% invested in Southern Co. As of 2018 Q1, 7.18 million shares of Southern Co are owned by Commonwealth Bank Of Australia. Further, Financial Advantage Inc. reported 89,619 shares in Southern Co equivalent to 3.2% of its fund’s portfolio. The Alabama-based fund Welch Group Llc have invested about 2.97% of the institutional investor’s stock portfolio in Southern Co. The Alabama-based fund Aull & Monroe Investment Management Corp looks positive on Southern Co, having 110,897 shares.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity.The firm is worth $46.63 billion. The firm also constructs, acquires, owns, and manages power generation assets, including renewable energy projects; sells electricity in the wholesale market; and distributes natural gas in seven states, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.The P/E ratio is 54.87. It owns/operates 33 hydroelectric generating stations, 29 fossil fuel generating stations, 3 nuclear generating stations, 14 combined cycle/cogeneration stations, 33 solar facilities, 9 wind facilities, 1 biomass facility, and 1 landfill gas facility.

Ticker’s shares touched $46.09 during the last trading session after 1.09% change.Currently The Southern Company is downtrending after 11.84% change in last June 27, 2017. SO has also 4.53 million shares volume. The stock underperformed the S&P 500 by 24.41%.

The Southern Company (NYSE:SO)’s earnings report is expected on August, 1., as reported by RTT. earnings per share of $0.66 is 9.59 % down from 2017’s $0.73 EPS. If reported the P/E will be 17.46 with $667.68 million profit. Wall Street predicts -25.00 % negative EPS growth as of August, 1.

Everence reported 35,748 shs. Strategy Asset Managers Limited Liability Com reported 0.22% stake. Shoker Counsel has invested 0.53% of its capital in The Southern Company (NYSE:SO). Virtu Ltd reported 0.04% stake. Alethea Capital Ltd Liability Company invested in 2.42% or 40,018 shs. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.33% or 72,862 shs. The Virginia-based Investment Management Of Virginia Ltd Liability Co has invested 0.07% in The Southern Company (NYSE:SO). Moreover, Bp Public Ltd Liability has 0.19% invested in The Southern Company (NYSE:SO). Old Republic holds 894,500 shs or 1.19% of its capital. Moreover, Stevens First Principles Advsr has 0.01% invested in The Southern Company (NYSE:SO) for 500 shs. Ghp Invest Advisors has 40,108 shs. Panagora Asset Mngmt holds 1.35 million shs. Aldebaran invested in 19,429 shs. Comerica Secs has 0.07% invested in The Southern Company (NYSE:SO). Gam Hldgs Ag reported 10,700 shs or 0.02% of all its holdings.

The Southern Company (NYSE:SO) Ratings Coverage

In total 10 analysts cover Southern Co (NYSE:SO). “Buy” rating has 2, “Sell” are 3, while 5 are “Hold”. 20% are bullish. With $52.0 highest and $42 lowest price target Southern Co has $45.94 average price target or -0.33% below the current ($46.09) price. 28 are the (NYSE:SO)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Tuesday, January 2 Guggenheim maintained The Southern Company (NYSE:SO) with “Buy” rating. On Friday, February 23 the firm earned “Hold” rating by SunTrust. On Monday, March 19 SunTrust maintained The Southern Company (NYSE:SO) with “Hold” rating. The company rating was maintained by SunTrust on Monday, April 23. On Thursday, January 11 the stock of The Southern Company (NYSE:SO) has “Sell” rating given by Goldman Sachs. On Monday, April 2 the company was maintained by SunTrust. On Tuesday, April 10 JP Morgan maintained The Southern Company (NYSE:SO) with “Underweight” rating. On Tuesday, February 27 the stock has “Underperform” rating by Credit Suisse. In Tuesday, January 16 report SunTrust maintained it with “Hold” rating and $47.0 target. On Thursday, March 8 the firm has “Underweight” rating by Morgan Stanley given.

There’s a significant The Southern Company (NYSE:SO) news brought out by Streetinsider.com. It’s a report titled: “Deutsche Bank Downgrades Southern Co. (SO) to Hold; Better Opportunities Elsewhere” on June 26, 2018.

The Southern Company (NYSE:SO) Institutional Investors Chart

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