Southern Co (SO) Shareholder First Allied Advisory Services INC Has Decreased Its Holding by $4.81 Million as Stock Value Rose

The Southern Company (NYSE:SO) LogoInvestors sentiment increased to 1.01 in 2018 Q2. Its up 0.12, from 0.89 in 2018Q1. It increased, as 49 investors sold SO shares while 332 reduced holdings. 79 funds opened positions while 306 raised stakes. 563.55 million shares or 0.88% more from 558.65 million shares in 2018Q1 were reported. Global X Mgmt Com Limited Com has 207,501 shares for 0.17% of their portfolio. Institute For Wealth Management Lc stated it has 0.2% in The Southern Company (NYSE:SO). 12.46 million were accumulated by Goldman Sachs Gru. Manufacturers Life Ins Com The holds 1.58M shares or 0.08% of its portfolio. Dynamic Advisor Solutions Ltd Liability Company holds 15,524 shares. Mufg Americas Holding holds 12,270 shares or 0.02% of its portfolio. Baxter Bros has invested 0.06% in The Southern Company (NYSE:SO). Smith Chas P Assocs Pa Cpas reported 8,930 shares. Counselors holds 0.22% or 102,176 shares in its portfolio. Brinker Capital Inc, Pennsylvania-based fund reported 9,048 shares. Tarbox Family Office owns 1,807 shares or 0.03% of their US portfolio. Tdam Usa Inc holds 0.27% or 93,185 shares. Regal Invest Advsr Ltd Liability has invested 0.09% in The Southern Company (NYSE:SO). New England Professional Planning Group Inc holds 0.3% or 5,002 shares. Hilltop Holdg reported 27,359 shares stake.

Since August 16, 2018, it had 0 insider purchases, and 1 insider sale for $776,025 activity.

First Allied Advisory Services Inc decreased its stake in Southern Co (SO) by 66.87% based on its latest 2018Q2 regulatory filing with the SEC. First Allied Advisory Services Inc sold 104,589 shares as the company’s stock rose 0.78% with the market. The institutional investor held 51,807 shares of the central company at the end of 2018Q2, valued at $2.40M, down from 156,396 at the end of the previous reported quarter. First Allied Advisory Services Inc who had been investing in Southern Co for a number of months, seems to be less bullish one the $47.86 billion market cap company. The stock decreased 1.52% or $0.72 during the last trading session, reaching $46.52. About 8.75 million shares traded or 35.04% up from the average. The Southern Company (NYSE:SO) has declined 10.98% since December 7, 2017 and is downtrending. It has underperformed by 26.60% the S&P500.

First Allied Advisory Services Inc, which manages about $4.57 billion and $2.65B US Long portfolio, upped its stake in Ishares Tr (IEFA) by 78,255 shares to 283,300 shares, valued at $17.95 million in 2018Q2, according to the filing. It also increased its holding in Victory Portfolios Ii by 73,130 shares in the quarter, for a total of 115,829 shares, and has risen its stake in Walmart Inc (NYSE:WMT).

Analysts await The Southern Company (NYSE:SO) to report earnings on February, 20. They expect $0.23 earnings per share, down 54.90 % or $0.28 from last year’s $0.51 per share. SO’s profit will be $236.64M for 50.57 P/E if the $0.23 EPS becomes a reality. After $1.14 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts -79.82 % negative EPS growth.

More notable recent The Southern Company (NYSE:SO) news were published by: Seekingalpha.com which released: “Southern, Bright Prospects But Not Yet – Seeking Alpha” on November 07, 2018, also Fool.com with their article: “3 Incredibly Cheap Energy Stocks – The Motley Fool” published on November 29, 2018, Seekingalpha.com published: “Aurora Cannabis: Up In Smoke? – Seeking Alpha” on December 06, 2018. More interesting news about The Southern Company (NYSE:SO) were released by: Midasletter.com and their article: “ETFMG Alternative Harvest ETF (NYSE:MJ) US Cannabis Strategy – Midas Letter” published on December 04, 2018 as well as Seekingalpha.com‘s news article titled: “Southern Company 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” with publication date: November 07, 2018.

The Southern Company (NYSE:SO) Ratings Coverage

Among 8 analysts covering Southern (NYSE:SO), 0 have Buy rating, 2 Sell and 6 Hold. Therefore 0 are positive. Southern has $51 highest and $42 lowest target. $45.71’s average target is -1.74% below currents $46.52 stock price. Southern had 13 analyst reports since June 13, 2018 according to SRatingsIntel. As per Friday, September 21, the company rating was maintained by Morgan Stanley. The stock of The Southern Company (NYSE:SO) earned “Underweight” rating by Morgan Stanley on Monday, July 16. The firm has “Neutral” rating by Guggenheim given on Thursday, August 9. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, November 19. The stock of The Southern Company (NYSE:SO) earned “Underperform” rating by Credit Suisse on Thursday, August 9. Scotia Capital maintained The Southern Company (NYSE:SO) on Tuesday, July 24 with “Sector Perform” rating. The rating was maintained by UBS with “Neutral” on Monday, October 29. As per Wednesday, June 13, the company rating was maintained by Morgan Stanley. The firm has “Underperform” rating given on Wednesday, August 22 by Bank of America. The rating was upgraded by Citigroup to “Neutral” on Friday, June 22.

The Southern Company (NYSE:SO) Institutional Positions Chart

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