Institutional Investors Are Betting On Southern Co (NYSE:SO)

September 30, 2018 - By Pearl Odom

The Southern Company (NYSE:SO) Logo

Sentiment for Southern Co (NYSE:SO)

Southern Co (NYSE:SO) institutional sentiment increased to 1.01 in 2018 Q2. Its up 0.12, from 0.89 in 2018Q1. The ratio is positive, as 385 hedge funds opened new or increased holdings, while 381 sold and decreased stock positions in Southern Co. The hedge funds in our partner’s database now possess: 563.55 million shares, up from 558.65 million shares in 2018Q1. Also, the number of hedge funds holding Southern Co in their top 10 holdings was flat from 7 to 7 for the same number . Sold All: 49 Reduced: 332 Increased: 306 New Position: 79.

The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company has market cap of $44.22 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. It has a 18.87 P/E ratio. 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.

The stock increased 0.83% or $0.36 during the last trading session, reaching $43.6. About 7.75 million shares traded or 28.01% up from the average. The Southern Company (NYSE:SO) has declined 10.98% since September 30, 2017 and is downtrending. It has underperformed by 26.60% the S&P500.

Analysts await The Southern Company (NYSE:SO) to report earnings on November, 7. They expect $1.03 earnings per share, down 8.04 % or $0.09 from last year’s $1.12 per share. SO’s profit will be $1.04B for 10.58 P/E if the $1.03 EPS becomes a reality. After $0.80 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts 28.75 % EPS growth.

Commonwealth Bank Of Australia holds 3.86% of its portfolio in The Southern Company for 8.33 million shares. Rocky Mountain Advisers Llc owns 19,709 shares or 3.42% of their US portfolio. Moreover, Welch Group Llc has 3.33% invested in the company for 576,752 shares. The Maryland-based Financial Advantage Inc. has invested 3.13% in the stock. Aull & Monroe Investment Management Corp, a Alabama-based fund reported 110,999 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $776,025 activity.

The Southern Company (NYSE:SO) Ratings Coverage

Ratings analysis reveals 10% of Southern Co’s analysts are positive. Out of 10 Wall Street analysts rating Southern Co, 1 give it “Buy”, 4 “Sell” rating, while 5 recommend “Hold”. The lowest target is $42 while the high is $51. The stock’s average target of $46 is 5.50% above today’s ($43.6) share price. SO was included in 18 notes of analysts from April 2, 2018. The company was maintained on Monday, April 16 by Morgan Stanley. The rating was downgraded by Credit Suisse on Thursday, August 9 to “Underperform”. The firm earned “Sector Perform” rating on Tuesday, July 24 by Scotia Capital. The firm has “Neutral” rating given on Friday, June 22 by Citigroup. The company was maintained on Monday, April 16 by SunTrust. The rating was maintained by JP Morgan with “Underweight” on Tuesday, April 10. The stock of The Southern Company (NYSE:SO) earned “Underweight” rating by Morgan Stanley on Wednesday, June 13. The company was downgraded on Thursday, August 9 by Barclays Capital. Credit Suisse maintained the shares of SO in report on Monday, May 7 with “Neutral” rating. The firm has “Hold” rating given on Monday, April 23 by SunTrust.

More notable recent The Southern Company (NYSE:SO) news were published by: Bizjournals.com which released: “Plant Vogtle expansion gets green light to continue” on September 26, 2018, also Seekingalpha.com with their article: “Go Slow On Southern Company” published on September 13, 2018, Seekingalpha.com published: “Southern Company: Take A Pass On This Dividend Stock” on September 27, 2018. More interesting news about The Southern Company (NYSE:SO) were released by: Nasdaq.com and their article: “Consolidated Research: 2018 Summary Expectations for Southern, Edison International, Hanesbrands, PACCAR …” published on September 28, 2018 as well as Seekingalpha.com‘s news article titled: “Vogtle nuclear plant co-owners again extend deadline” with publication date: September 26, 2018.

The Southern Company (NYSE:SO) Institutional Positions Chart

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