Southern Company (NYSE:SO).
Baird Financial Group, Inc. reports that it bought 9,097 shares last quarter increasing its stake in Southern Company (SO) by 5.7%. Its investment was worth $8,233,000 an increase of 8.5% as of the end of the quarter.
The following firms have recently changed their position in SO. Raymond James & Associates downsized its holdings by selling 2,300 shares a decrease of 8.5%. Raymond James & Associates now holds 24,900 shares with a value of $7,000. The value of the position overall is down by 0.0%. Great Lakes Advisors, LLC trimmed its ownership by shedding 17,414 shares a decrease of 65.0% from 06/30/2017 to 09/30/2017. Great Lakes Advisors, LLC now controls 9,375 shares worth $461,000. The total value of its holdings decreased 64.1%.
Commonwealth Of Pennsylvania Public School Empls Retrmt SYS bolstered its investment by buying 7,392 shares an increase of 10.0% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS claims 81,284 shares valued at $3,994,000. The total value of its holdings increased 12.9%.
October 24 investment analysts at Bank of America Corporation made no change to the company rating of “Underperform” with a current price target of $51.00. On October 20 SunTrust Banks made no change to the stock rating of “Hold” targeting a price of $52.00.
October 3 investment analysts at Citigroup held the company rating at “Sell” projecting a price of $44.00.
On September 12 Jefferies Group LLC kept the company rating at “Buy” with a current price target of $56.00.
The company is down by 0.67% percent from yesterday’s close. The company’s P/E ratio is 93.57 and market cap is 52.15B. In the latest earnings report the EPS was $0.56 with 1.00B shares currently outstanding.
Investors are more bearish on Southern Company if you pay attention to the uptick in short interest. The stock experienced a rise in short interest of 2.57% as of the latest report on October 13, 2017. Short shares increased 545,011 over that timeframe. The short-interest ratio increased to 6.0 and the percentage of shorted shares is 0.02% as of October 13.