As Southern Co (SO) Stock Rose, Trustmark National Bank Trust Department Has Lowered Position; Kinross Gold (KGC) Shares Declined While U S Global Investors Upped Stake by $345,018

June 23, 2018 - By Darrin Black

Kinross Gold Corporation (NYSE:KGC) Logo

Trustmark National Bank Trust Department decreased its stake in Southern Co (SO) by 7.45% based on its latest 2018Q1 regulatory filing with the SEC. Trustmark National Bank Trust Department sold 8,620 shares as the company’s stock rose 1.11% while stock markets declined. The institutional investor held 107,153 shares of the central company at the end of 2018Q1, valued at $4.79 million, down from 115,773 at the end of the previous reported quarter. Trustmark National Bank Trust Department who had been investing in Southern Co for a number of months, seems to be less bullish one the $46.34B market cap company. The stock increased 1.15% or $0.52 during the last trading session, reaching $45.81. About 6.60M shares traded or 27.87% up from the average. The Southern Company (NYSE:SO) has declined 11.84% since June 23, 2017 and is downtrending. It has underperformed by 24.41% the S&P500. Some Historical SO News: 21/05/2018 – NextEra Energy reaches definitive agreements to acquire Gulf Power, Florida City Gas and additional assets from Southern; 10/05/2018 – Southern Co: New Construction Milestones Reached at Vogtle Nuclear Expansion; 02/05/2018 – SOUTHERN SAYS TAX REFORM PROVIDED $1.7B TO UTILITY CUSTOMERS; 03/05/2018 – Mississippi Power issues correction to quarterly dividend announcement; 02/04/2018 – Fidelity Export and Multinational Adds Southern Co; 17/04/2018 – SOUTHERN CO: ANDREW W. EVANS WILL BECOME EVP & CFO; 09/04/2018 – Southern Co. ‘In Great Shape’ to Explore Nuclear Power Options, Says CEO (Video); 21/05/2018 – Southern Slims Down After Bets on Big Projects Fail to Pay Off; 09/04/2018 – SOUTHERN’S FANNING CEO SEES COAL USE DIMINISHING OVER TIME; 16/04/2018 – Southern Co Raises Quarterly Dividend to 60c

U S Global Investors Inc increased its stake in Kinross Gold Corp (KGC) by 11500600% based on its latest 2018Q1 regulatory filing with the SEC. U S Global Investors Inc bought 115,006 shares as the company’s stock declined 0.28% with the market. The institutional investor held 115,007 shares of the precious metals company at the end of 2018Q1, valued at $455,000, up from 1 at the end of the previous reported quarter. U S Global Investors Inc who had been investing in Kinross Gold Corp for a number of months, seems to be bullish on the $4.75B market cap company. The stock increased 0.81% or $0.03 during the last trading session, reaching $3.72. About 5.05 million shares traded. Kinross Gold Corporation (NYSE:KGC) has declined 14.29% since June 23, 2017 and is downtrending. It has underperformed by 26.86% the S&P500. Some Historical KGC News: 26/03/2018 – KINROSS GOLD – U.S. SEC’S INVESTIGATION OF WEST AFRICA OPS HAS CONCLUDED WITHOUT ANY MATERIAL ADVERSE EFFECT ON CO’S FINANCIAL POSITION/BUSINESS OPS; 08/05/2018 – KINROSS GOLD CORP K.TO – “ON TRACK TO MEET PRODUCTION AND COST GUIDANCE”; 16/05/2018 – KINROSS: MAURITANIA COULD SEEK SOME KIND OF ADVANCED ROYALTY; 09/05/2018 – Kinross Reels as Two More African Nations Seek Mining Payoffs; 26/03/2018 – SEC Fines Kinross Gold Over FCPA Violations — MarketWatch; 16/05/2018 – KINROSS SAYS IT’S ALREADY `IN DIALOGUE’ WITH MAURITANIA; 16/05/2018 – KINROSS SAYS HAS STRONG STRUCTURAL SUPPORT FOR MAURITANIA TALKS; 08/05/2018 – KINROSS GOLD CORP K.TO – 2018 OUTLOOK UNCHANGED; 26/03/2018 – U.S. REGULATOR CHARGES KINROSS GOLD WITH VIOLATING U.S. ANTI-CORRUPTION LAW – SEC; 09/04/2018 – KINROSS RUSSIA OPS REMAIN UNAFFECTED BY U.S. SANCTIONS

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It dropped, 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. Moreover, Eaton Vance Mngmt has 0.04% invested in The Southern Company (NYSE:SO) for 368,072 shares. Voya Invest Management Limited Liability Co invested in 0.05% or 566,350 shares. First City Cap Mngmt has 32,066 shares. Tiaa Cref Invest Ltd Liability Company accumulated 0.08% or 2.81 million shares. Walleye Trading Ltd Limited Liability Company accumulated 8,204 shares. Baldwin Brothers Inc Ma owns 7,900 shares for 0.06% of their portfolio. Spinnaker Trust reported 15,956 shares. Maryland-based Edgemoor Inv Advsr has invested 0.79% in The Southern Company (NYSE:SO). Motco holds 0.33% of its portfolio in The Southern Company (NYSE:SO) for 71,319 shares. Pettyjohn Wood White Inc holds 0.94% or 58,148 shares. Retirement Of Alabama has invested 0.11% in The Southern Company (NYSE:SO). Peninsula Asset Mgmt Inc holds 1.76% in The Southern Company (NYSE:SO) or 53,840 shares. Raymond James Inc reported 425,574 shares. Eagle Asset Mngmt Incorporated reported 0.02% stake. Prelude Mgmt Lc stated it has 0% in The Southern Company (NYSE:SO).

Trustmark National Bank Trust Department, which manages about $2.00 billion and $925.93M US Long portfolio, upped its stake in Glaxosmithkline Plc (NYSE:GSK) by 42,143 shares to 105,626 shares, valued at $4.13 million in 2018Q1, according to the filing. It also increased its holding in Ishares (FLOT) by 44,710 shares in the quarter, for a total of 64,243 shares, and has risen its stake in Ishares (EMB).

Analysts await The Southern Company (NYSE:SO) to report earnings on August, 1. They expect $0.66 earnings per share, down 9.59% or $0.07 from last year’s $0.73 per share. SO’s profit will be $667.66M for 17.35 P/E if the $0.66 EPS becomes a reality. After $0.88 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. The Southern Company had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, July 19. The firm has “Sector Perform” rating given on Friday, May 13 by Howard Weil. The stock has “Underweight” rating by Morgan Stanley on Monday, November 13. The company was maintained on Tuesday, September 12 by Jefferies. Credit Suisse maintained the shares of SO in report on Monday, May 7 with “Neutral” rating. The rating was maintained by JP Morgan with “Underweight” on Tuesday, April 10. Mizuho maintained The Southern Company (NYSE:SO) rating on Friday, December 8. Mizuho has “Buy” rating and $55.0 target. The firm has “Buy” rating given on Thursday, September 14 by Guggenheim. SunTrust maintained The Southern Company (NYSE:SO) on Wednesday, October 18 with “Hold” rating. SunTrust maintained the shares of SO in report on Monday, April 9 with “Hold” rating.

Another recent and important Kinross Gold Corporation (NYSE:KGC) news was published by Seekingalpha.com which published an article titled: “In Kinross Gold’s Case, Patience Is A Virtue” on June 18, 2018.

The Southern Company (NYSE:SO) Institutional Positions Chart

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