Private Ocean Lifted Its At&T (T) Stake by $450,870; As Southern Co (SO) Stock Value Rose, Gamble Jones Investment Counsel Has Decreased Stake

August 12, 2018 - By Richard Slagle

AT&T Inc. (NYSE:T) Logo

Private Ocean Llc increased its stake in At&T Corp (T) by 385.92% based on its latest 2018Q1 regulatory filing with the SEC. Private Ocean Llc bought 12,882 shares as the company’s stock declined 13.21% with the market. The institutional investor held 16,220 shares of the telecommunications equipment company at the end of 2018Q1, valued at $578,000, up from 3,338 at the end of the previous reported quarter. Private Ocean Llc who had been investing in At&T Corp for a number of months, seems to be bullish on the $234.27B market cap company. The stock decreased 0.71% or $0.23 during the last trading session, reaching $32.26. About 21.48M shares traded. AT&T Inc. (NYSE:T) has declined 14.96% since August 12, 2017 and is downtrending. It has underperformed by 27.53% the S&P500. Some Historical T News: 15/03/2018 – The Globe and Mail: AT&T, Time Warner merger trial delayed two days; 07/05/2018 – Comcast plans to make an all-cash bid for Fox if AT&T-Time Warner is approved; 29/03/2018 – Twelve pct of cable customers would switch if Turner went dark, court hears; 20/03/2018 – Start of AT&T-Time Warner trial delayed until Thursday due to bad weather; 23/03/2018 – AT&T to Release First-Quarter 2018 Earnings April 25; 09/05/2018 – AT&T payments Trump lawyer more than reported — source familiar; 20/04/2018 – Yahoo! UK: U.S. said to investigate AT&T, Verizon over wireless collusion claim; 20/04/2018 – U.S. IS SAID TO INVESTIGATE AT&T, VERIZON OVER COLLUSION: NYT; 21/04/2018 – AT&T chief quizzed in court over note on Time Warner deal; 16/05/2018 – AT&T Powers Complete Networking for Revisn

Gamble Jones Investment Counsel decreased its stake in Southern Co (SO) by 23.66% based on its latest 2018Q1 regulatory filing with the SEC. Gamble Jones Investment Counsel sold 10,268 shares as the company’s stock rose 1.11% while stock markets declined. The institutional investor held 33,126 shares of the central company at the end of 2018Q1, valued at $1.48 million, down from 43,394 at the end of the previous reported quarter. Gamble Jones Investment Counsel who had been investing in Southern Co for a number of months, seems to be less bullish one the $46.67 billion market cap company. The stock decreased 1.45% or $0.68 during the last trading session, reaching $46.13. About 6.84 million 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: 25/05/2018 – Georgia Power kicks off summer with new water safety PSA; 21/05/2018 – S&PGR Afrms Southern Co Rtgs, Otlk Neg; Gulf Power Otlk Stble; 15/05/2018 – Dominion seeks U.S. OK to work on Atlantic Coast natgas pipe in N.C; 21/05/2018 – SOUTHERN CO – DEAL FOR APPROXIMATELY $6.475 BLN; 02/05/2018 – SOUTHERN SAYS VOGTLE NUCLEAR PROJECT ‘ON TRACK’; 09/04/2018 – SOUTHERN CEO FANNING: NATURAL GAS WILL NEED CABON CAPTURE; 14/05/2018 – ITRON INC – NEW AGREEMENT WITH MISSISSIPPI POWER-A SUBSIDIARY OF SOUTHERN COMPANY; 17/04/2018 – Southern Company Announces Changes to Executive Management Team; 02/05/2018 – SOUTHERN CEO TOM FANNING COMMENTS IN INTERVIEW; 21/05/2018 – Southern Slims Downs After Bets on Big Projects Fail to Pay Off

Investors sentiment increased to 0.92 in Q1 2018. Its up 0.01, from 0.91 in 2017Q4. It is positive, as 76 investors sold T shares while 695 reduced holdings. 122 funds opened positions while 585 raised stakes. 3.08 billion shares or 0.35% less from 3.09 billion shares in 2017Q4 were reported. Moreover, Cambridge Tru has 0.17% invested in AT&T Inc. (NYSE:T). Intact Inv Mgmt Inc invested in 420,600 shares or 0.58% of the stock. Bluemountain Cap Mngmt Llc holds 0% of its portfolio in AT&T Inc. (NYSE:T) for 334 shares. Koshinski Asset Mngmt Inc, Illinois-based fund reported 61,074 shares. Kanawha Ltd Limited Liability Company has invested 1.01% in AT&T Inc. (NYSE:T). Old Mutual Global Investors (Uk) Ltd holds 0% in AT&T Inc. (NYSE:T) or 10,557 shares. Foothills Asset Ltd holds 1.39% or 49,714 shares in its portfolio. Stephens Ar reported 1.15M shares. South State Corporation holds 166,029 shares. Freestone Capital Llc holds 0.03% or 16,603 shares. First Heartland Consultants stated it has 0.56% of its portfolio in AT&T Inc. (NYSE:T). Aviance Cap Mgmt Limited holds 1.76% of its portfolio in AT&T Inc. (NYSE:T) for 640,460 shares. Spirit Of America Mgmt Corporation Ny holds 0.23% or 49,924 shares in its portfolio. Pineno Levin Ford Asset Mngmt reported 1.33% stake. Godshalk Welsh Capital Mgmt owns 26,400 shares for 1.01% of their portfolio.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “AT&T: Sore Loser” on July 17, 2018, also Seekingalpha.com with their article: “No Trouble At Ma Bell” published on August 06, 2018, Seekingalpha.com published: “AT&T takes full ownership of Otter Media JV” on August 07, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “JPMorgan urges AT&T calls amid fundamental improvement” published on July 24, 2018 as well as Seekingalpha.com‘s news article titled: “A Fundamentally Strong Business Despite Looming Background Distractions” with publication date: August 11, 2018.

Among 36 analysts covering AT&T Inc. (NYSE:T), 14 have Buy rating, 3 Sell and 19 Hold. Therefore 39% are positive. AT&T Inc. had 92 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Thursday, June 7 by Jefferies. UBS maintained the stock with “Neutral” rating in Thursday, April 26 report. The rating was maintained by Nomura on Tuesday, November 21 with “Buy”. The rating was maintained by JP Morgan on Tuesday, June 19 with “Neutral”. The firm earned “Buy” rating on Thursday, April 7 by Jefferies. The firm has “Outperform” rating by Robert W. Baird given on Monday, December 12. The company was maintained on Friday, November 10 by Citigroup. On Tuesday, June 28 the stock rating was maintained by Deutsche Bank with “Buy”. Macquarie Research maintained the shares of T in report on Tuesday, September 1 with “Buy” rating. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, May 1.

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.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It dived, 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. Synovus Finance Corp holds 949,549 shares. Shell Asset Mgmt invested in 0.37% or 418,947 shares. Carroll Assoc reported 26,681 shares stake. Moody State Bank Tru Division reported 19,310 shares or 0.04% of all its holdings. Montag A Assocs holds 0.07% of its portfolio in The Southern Company (NYSE:SO) for 15,450 shares. Aviance Management Ltd Limited Liability Company stated it has 29 shares. Franklin Res Incorporated, California-based fund reported 38.96 million shares. First Commercial Bank Of Mount Dora Investment Svcs reported 11,126 shares or 0.23% of all its holdings. Golub Gp Ltd Liability Corporation has invested 0.03% of its portfolio in The Southern Company (NYSE:SO). 51,972 were reported by Wills Grp Inc. State Street holds 0.18% or 46.89M shares in its portfolio. Intersect Limited Liability Company holds 6,950 shares or 0.16% of its portfolio. Jnba Fincl Advisors has 0.02% invested in The Southern Company (NYSE:SO). Moreover, Schwab Charles has 0.13% invested in The Southern Company (NYSE:SO). Fiera Capital Corporation reported 22,150 shares.

Gamble Jones Investment Counsel, which manages about $1.24 billion and $1.00 billion US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 3,754 shares to 34,862 shares, valued at $6.40 million in 2018Q1, according to the filing. It also increased its holding in Aflac Inc (NYSE:AFL) by 8,172 shares in the quarter, for a total of 16,341 shares, and has risen its stake in Cisco Sys Inc (NASDAQ:CSCO).

Among 20 analysts covering The Southern Company (NYSE:SO), 3 have Buy rating, 5 Sell and 12 Hold. Therefore 15% are positive. The Southern Company had 86 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, July 24 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was upgraded by RBC Capital Markets to “Outperform” on Friday, September 29. The firm earned “Underweight” rating on Monday, April 16 by Morgan Stanley. The firm earned “Neutral” rating on Tuesday, January 23 by Mizuho. The firm has “Underweight” rating given on Wednesday, June 13 by Morgan Stanley. The stock has “Buy” rating by Jefferies on Tuesday, June 6. The stock of The Southern Company (NYSE:SO) has “Underperform” rating given on Tuesday, October 24 by Bank of America. The company was maintained on Tuesday, December 26 by SunTrust. The rating was maintained by Credit Suisse with “Underperform” on Tuesday, February 27. SunTrust maintained the shares of SO in report on Monday, April 16 with “Hold” rating.

The Southern Company (NYSE:SO) Institutional Positions Chart

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