King Luther Capital Management Has Lowered By $442,395 Its American Tower (AMT) Holding; Edgar Lomax Co Has Lifted Southern Co. (SO) Stake By $3.10 Million

August 12, 2018 - By Megan Stone

American Tower Corporation (NYSE:REIT) Logo

Edgar Lomax Co increased Southern Co. (SO) stake by 17.62% reported in 2018Q1 SEC filing. Edgar Lomax Co acquired 70,500 shares as Southern Co. (SO)’s stock rose 1.11%. The Edgar Lomax Co holds 470,700 shares with $21.02 million value, up from 400,200 last quarter. Southern Co. now has $46.67B valuation. The stock decreased 1.45% or $0.68 during the last trading session, reaching $46.13. About 6.84M shares traded or 32.67% up from the average. The Southern Company (NYSE:SO) has declined 11.84% since August 12, 2017 and is downtrending. It has underperformed by 24.41% the S&P500. Some Historical SO News: 06/03/2018 – Georgia Power customers to receive $1.2 billion in benefits from the Tax Cuts and Jobs Act; 02/05/2018 – SOUTHERN CO 1Q REV. $6.37B, EST. $5.87B; 21/05/2018 – SOUTHERN CO SALE OF SOME FLORIDA ASSETS TO NEXTERA ENERGY; 21/05/2018 – SOUTHERN CO- GULF POWER SPA PROVIDES UPON TERMINATION OF DEAL UNDER CERTAIN SPECIFIED CIRCUMSTANCES, PURCHASER TO PAY CO FEE OF $100 MLN/$200 MLN; 11/05/2018 – SOUTHERN CO RAISES FARLEY 1 REACTOR TO 13% POWER FROM 0%: NRC; 02/05/2018 – Southern Co 1Q Net $938M; 23/05/2018 – Southern Power enters into an agreement to sell a minority interest in solar portfolio; 29/03/2018 – 306-ton Unit 4 Reactor Vessel placed at Vogtle nuclear expansion; 07/05/2018 – Southern Company Plans Five-Year, $35 Billion Capital Program, an Industrial Info News Alert; 09/04/2018 – Georgia Power to add 177 MW of solar resources for C&I REDI program

King Luther Capital Management Corp decreased American Tower Corp (AMT) stake by 2.85% reported in 2018Q1 SEC filing. King Luther Capital Management Corp sold 3,051 shares as American Tower Corp (AMT)’s stock declined 4.49%. The King Luther Capital Management Corp holds 104,088 shares with $15.13M value, down from 107,139 last quarter. American Tower Corp now has $65.76B valuation. The stock decreased 0.92% or $1.39 during the last trading session, reaching $149.18. About 1.26 million shares traded. American Tower Corporation (NYSE:AMT) has risen 4.03% since August 12, 2017 and is uptrending. It has underperformed by 8.54% the S&P500.

More news for The Southern Company (NYSE:SO) were recently published by: Seekingalpha.com, which released: “Southern Company 2018 Q2 – Results – Earnings Call Slides” on August 08, 2018. Seekingalpha.com‘s article titled: “The Southern (SO) Q2 2018 Results – Earnings Call Transcript” and published on August 08, 2018 is yet another important article.

Among 9 analysts covering Southern (NYSE:SO), 1 have Buy rating, 3 Sell and 5 Hold. Therefore 11% are positive. Southern had 24 analyst reports since February 13, 2018 according to SRatingsIntel. The company was maintained on Thursday, March 8 by Morgan Stanley. The company was maintained on Monday, April 23 by SunTrust. The company was maintained on Monday, April 9 by SunTrust. The rating was maintained by Morgan Stanley on Tuesday, February 13 with “Underweight”. The company was maintained on Tuesday, May 22 by Deutsche Bank. The rating was maintained by SunTrust with “Hold” on Monday, March 26. SunTrust maintained The Southern Company (NYSE:SO) rating on Monday, March 19. SunTrust has “Hold” rating and $46.0 target. The stock of The Southern Company (NYSE:SO) earned “Neutral” rating by Guggenheim on Thursday, August 9. SunTrust maintained it with “Hold” rating and $45.0 target in Friday, February 23 report. The rating was upgraded by Citigroup to “Neutral” on Friday, June 22.

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.21, from 1.1 in 2017Q4. It worsened, as 76 investors sold SO shares while 359 reduced holdings. 75 funds opened positions while 310 raised stakes. 558.65 million shares or 1.91% more from 548.17 million shares in 2017Q4 were reported. Nelson Roberts Investment Advsrs Ltd Llc owns 400 shares or 0% of their US portfolio. Hanson And Doremus Investment Mgmt has 0.07% invested in The Southern Company (NYSE:SO). Beacon Mngmt has 75 shares for 0% of their portfolio. Ckw Grp reported 0% of its portfolio in The Southern Company (NYSE:SO). 22,755 were accumulated by Amica Mutual Insur. Marshwinds Advisory invested in 1.69% or 79,809 shares. Glenmede Na holds 0.02% or 92,539 shares in its portfolio. Provise Management Grp Limited Liability Corp stated it has 56,404 shares. Creative Planning, a Kansas-based fund reported 186,552 shares. Barrett Asset Lc invested 0.01% of its portfolio in The Southern Company (NYSE:SO). Thrivent Finance For Lutherans has invested 0.01% of its portfolio in The Southern Company (NYSE:SO). Penobscot Invest Management owns 9,845 shares. Cornerstone Cap reported 1.27% in The Southern Company (NYSE:SO). Duncker Streett And Incorporated has 0.14% invested in The Southern Company (NYSE:SO) for 12,711 shares. Perkins Coie Company has invested 0.03% of its portfolio in The Southern Company (NYSE:SO).

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.07, from 1.25 in 2017Q4. It fall, as 49 investors sold AMT shares while 291 reduced holdings. 94 funds opened positions while 308 raised stakes. 389.87 million shares or 3.17% more from 377.89 million shares in 2017Q4 were reported. Weatherly Asset Mgmt Limited Partnership reported 0.13% stake. Amica Pension Fund Board Of Trustees stated it has 0.67% of its portfolio in American Tower Corporation (NYSE:REIT). Foster And Motley accumulated 30,487 shares. Sterling Cap reported 78,472 shares. Boston Private Wealth Limited Liability has 19,778 shares for 0.11% of their portfolio. Murphy Capital Mngmt invested in 0.05% or 2,200 shares. Trust Department Mb Bancorporation N A, Illinois-based fund reported 25 shares. Massmutual Fsb Adv has invested 0% in American Tower Corporation (NYSE:REIT). Moreover, Bahl And Gaynor has 0.16% invested in American Tower Corporation (NYSE:REIT). Winslow Evans Crocker owns 4,406 shares. Atlanta Cap L L C holds 0.55% of its portfolio in American Tower Corporation (NYSE:REIT) for 726,943 shares. Wells Fargo & Mn holds 0.18% of its portfolio in American Tower Corporation (NYSE:REIT) for 4.15M shares. Moreover, First Trust Lp has 0.07% invested in American Tower Corporation (NYSE:REIT) for 216,379 shares. Rampart Inv Management Limited holds 19,019 shares. Shelton Capital Mngmt reported 0.04% in American Tower Corporation (NYSE:REIT).

King Luther Capital Management Corp increased Honeywell Intl Inc (NYSE:HON) stake by 23,994 shares to 1.64M valued at $237.34 million in 2018Q1. It also upped Carbonite Inc (NASDAQ:CARB) stake by 30,985 shares and now owns 117,315 shares. Reliance Steel & Aluminum Co (NYSE:RS) was raised too.

Since March 10, 2018, it had 0 insider buys, and 8 selling transactions for $29.60 million activity. Sharma Amit sold $4.57 million worth of stock. The insider REED JOANN A sold 845 shares worth $124,071. Shares for $6.09 million were sold by TAICLET JAMES D JR. Another trade for 28,291 shares valued at $4.11 million was sold by HESS WILLIAM H. 3,500 shares were sold by THOMPSON SAMME L, worth $512,246 on Tuesday, March 20. $1.99M worth of American Tower Corporation (NYSE:REIT) was sold by DiSanto Edmund.

More notable recent American Tower Corporation (NYSE:REIT) news were published by: Seekingalpha.com which released: “Cell Tower REITs: The Hub Of 5G” on August 03, 2018, also Seekingalpha.com with their article: “China has outspent the US in 5G” published on August 07, 2018, Benzinga.com published: “American Tower Downgraded Ahead Of Earnings” on July 17, 2018. More interesting news about American Tower Corporation (NYSE:REIT) were released by: Seekingalpha.com and their article: “American Tower: Ready To Pop” published on July 26, 2018 as well as Nasdaq.com‘s news article titled: “3 Growth Stocks to Buy and Hold for the Next 50 Years” with publication date: August 03, 2018.

Among 7 analysts covering American Tower Corp (NYSE:AMT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. American Tower Corp had 9 analyst reports since February 27, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 1 by Deutsche Bank. Citigroup maintained American Tower Corporation (NYSE:REIT) on Monday, March 5 with “Buy” rating. The stock of American Tower Corporation (NYSE:REIT) has “Buy” rating given on Tuesday, February 27 by KeyBanc Capital Markets. The stock of American Tower Corporation (NYSE:REIT) has “Buy” rating given on Tuesday, March 27 by Citigroup. The stock of American Tower Corporation (NYSE:REIT) has “Overweight” rating given on Friday, March 16 by Morgan Stanley. The firm has “Overweight” rating given on Thursday, May 31 by Morgan Stanley. The firm has “Neutral” rating given on Monday, July 16 by Guggenheim. On Tuesday, July 10 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was downgraded by Raymond James to “Market Perform” on Monday, July 9.

The Southern Company (NYSE:SO) Institutional Positions Chart

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