Jacobson & Schmitt Advisors Trimmed Prosperity Bancshares (PB) Stake By $375,410; Tctc Holdings Has Increased Southern Co (SO) Stake By $818,640

April 21, 2018 - By Marie Mckinney

The Southern Company (NYSE:SO) Logo

Tctc Holdings Llc increased Southern Co (SO) stake by 14.82% reported in 2017Q4 SEC filing. Tctc Holdings Llc acquired 17,055 shares as Southern Co (SO)’s stock declined 8.19%. The Tctc Holdings Llc holds 132,111 shares with $6.35M value, up from 115,056 last quarter. Southern Co now has $45.79B valuation. The stock decreased 0.83% or $0.38 during the last trading session, reaching $45.22. About 4.99M shares traded. The Southern Company (NYSE:SO) has declined 11.47% since April 21, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

Jacobson & Schmitt Advisors Llc decreased Prosperity Bancshares Inc (PB) stake by 6.16% reported in 2017Q4 SEC filing. Jacobson & Schmitt Advisors Llc sold 5,363 shares as Prosperity Bancshares Inc (PB)’s stock declined 0.68%. The Jacobson & Schmitt Advisors Llc holds 81,660 shares with $5.72 million value, down from 87,023 last quarter. Prosperity Bancshares Inc now has $5.20 billion valuation. The stock increased 1.28% or $0.94 during the last trading session, reaching $74.51. About 321,545 shares traded. Prosperity Bancshares, Inc. (NYSE:PB) has risen 5.31% since April 21, 2017 and is uptrending. It has underperformed by 6.24% the S&P500.

Tctc Holdings Llc decreased Abbvie Inc (NYSE:ABBV) stake by 5,150 shares to 160,692 valued at $15.54M in 2017Q4. It also reduced Berkshire Hathaway Inc Del (BRKB) stake by 9,750 shares and now owns 191,056 shares. Wal (NYSE:WMT) was reduced too.

Investors sentiment increased to 1.1 in 2017 Q4. Its up 0.10, from 1 in 2017Q3. It is positive, as 56 investors sold SO shares while 329 reduced holdings. 75 funds opened positions while 350 raised stakes. 548.17 million shares or 4.36% more from 525.28 million shares in 2017Q3 were reported. First Heartland Consultants reported 0.08% stake. Asset Strategies Inc has 0.08% invested in The Southern Company (NYSE:SO). Ngam Lp reported 68,019 shares. Kentucky Retirement Insurance Fund accumulated 26,653 shares. Cubist Systematic Strategies Ltd Liability owns 13,220 shares or 0.03% of their US portfolio. First City Inc has invested 1.08% in The Southern Company (NYSE:SO). British Columbia Inv Mngmt stated it has 0.2% in The Southern Company (NYSE:SO). Boys Arnold & Co owns 11,123 shares or 0.08% of their US portfolio. Moreover, Philadelphia Tru has 0.09% invested in The Southern Company (NYSE:SO) for 23,148 shares. Van Eck Assocs reported 11,606 shares. Jpmorgan Chase And stated it has 1.41M shares. Profund Advsrs Ltd Liability Com invested 0.16% in The Southern Company (NYSE:SO). Salem Capital Management has invested 0.14% of its portfolio in The Southern Company (NYSE:SO). Argyle Cap Inc reported 15,565 shares. Moreover, Fort Washington Advsrs Oh has 0.01% invested in The Southern Company (NYSE:SO) for 12,715 shares.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, February 5 by SunTrust. On Friday, May 13 the stock rating was initiated by Scotia Capital with “Sector Perform”. The firm has “Buy” rating given on Tuesday, August 1 by Deutsche Bank. Jefferies maintained The Southern Company (NYSE:SO) rating on Tuesday, June 6. Jefferies has “Buy” rating and $5500 target. As per Monday, October 19, the company rating was maintained by SunTrust. The firm has “Hold” rating given on Wednesday, June 28 by RBC Capital Markets. As per Wednesday, December 6, the company rating was maintained by SunTrust. As per Friday, March 3, the company rating was upgraded by Jefferies. Morgan Stanley maintained The Southern Company (NYSE:SO) on Monday, April 16 with “Underweight” rating. The company was maintained on Monday, January 22 by SunTrust.

Since October 26, 2017, it had 0 insider purchases, and 1 insider sale for $2.46 million activity. 46,941 shares were sold by BEATTIE ART P, worth $2.46 million on Thursday, October 26.

Among 21 analysts covering Prosperity Bancshares (NYSE:PB), 4 have Buy rating, 5 Sell and 12 Hold. Therefore 19% are positive. Prosperity Bancshares had 59 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, January 28. Evercore upgraded the stock to “Buy” rating in Thursday, June 9 report. Wedbush downgraded the shares of PB in report on Thursday, November 17 to “Underperform” rating. On Tuesday, January 12 the stock rating was downgraded by Bank of America to “Underperform”. The rating was maintained by SunTrust on Wednesday, January 24 with “Buy”. Compass Point initiated Prosperity Bancshares, Inc. (NYSE:PB) on Tuesday, June 7 with “Neutral” rating. As per Monday, January 8, the company rating was maintained by SunTrust. Keefe Bruyette & Woods maintained Prosperity Bancshares, Inc. (NYSE:PB) rating on Monday, February 26. Keefe Bruyette & Woods has “Hold” rating and $81.0 target. The firm earned “Sell” rating on Tuesday, February 6 by Hovde Group. Stephens maintained Prosperity Bancshares, Inc. (NYSE:PB) rating on Wednesday, January 24. Stephens has “Hold” rating and $76.0 target.

The Southern Company (NYSE:SO) Institutional Positions Chart

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