State Of Alaska Department Of Revenue Holding in Southern Co (SO) Has Cut as Market Value Rose; Wageworks (WAGE) Stake Raised by Hbk Investments L P

February 19, 2018 - By Dolores Ford

State Of Alaska Department Of Revenue decreased its stake in Southern Co (SO) by 7.65% based on its latest 2017Q3 regulatory filing with the SEC. State Of Alaska Department Of Revenue sold 29,000 shares as the company’s stock rose 4.35% with the market. The institutional investor held 350,233 shares of the central company at the end of 2017Q3, valued at $17.21 million, down from 379,233 at the end of the previous reported quarter. State Of Alaska Department Of Revenue who had been investing in Southern Co for a number of months, seems to be less bullish one the $44.09B market cap company. The stock decreased 0.11% or $0.05 during the last trading session, reaching $43.93. About 7.86M shares traded or 14.79% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since February 19, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

David Costen Haley increased its stake in Wageworks Inc (WAGE) by 138.1% based on its latest 2017Q3 regulatory filing with the SEC. Hbk Investments LP bought 11,600 shares as the company’s stock declined 3.60% while stock markets rallied. The hedge fund run by David Costen Haley held 20,000 shares of the miscellaneous company at the end of 2017Q3, valued at $1.21 million, up from 8,400 at the end of the previous reported quarter. Hbk Investments LP who had been investing in Wageworks Inc for a number of months, seems to be bullish on the $2.26B market cap company. The stock increased 0.62% or $0.35 during the last trading session, reaching $57. About 244,494 shares traded. WageWorks, Inc. (NYSE:WAGE) has risen 27.63% since February 19, 2017 and is uptrending. It has outperformed by 10.93% the S&P500.

Analysts await The Southern Company (NYSE:SO) to report earnings on February, 28. They expect $0.47 earnings per share, up 95.83% or $0.23 from last year’s $0.24 per share. SO’s profit will be $471.70M for 23.37 P/E if the $0.47 EPS becomes a reality. After $1.12 actual earnings per share reported by The Southern Company for the previous quarter, Wall Street now forecasts -58.04% negative EPS growth.

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 63 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $53 target in Friday, March 31 report. The stock of The Southern Company (NYSE:SO) has “Buy” rating given on Wednesday, August 30 by Jefferies. The stock of The Southern Company (NYSE:SO) earned “Overweight” rating by Barclays Capital on Thursday, July 14. RBC Capital Markets maintained it with “Buy” rating and $53.0 target in Monday, October 30 report. The company was maintained on Monday, November 13 by Morgan Stanley. The company was maintained on Tuesday, February 13 by Morgan Stanley. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, October 18. SunTrust maintained the stock with “Hold” rating in Monday, February 12 report. The firm has “Sector Perform” rating given on Friday, May 13 by Howard Weil. The firm earned “Hold” rating on Tuesday, December 26 by SunTrust.

State Of Alaska Department Of Revenue, which manages about $1.97B US Long portfolio, upped its stake in International Flavors&Fragra (NYSE:IFF) by 5,990 shares to 9,270 shares, valued at $1.32M in 2017Q3, according to the filing. It also increased its holding in Ameriprise Finl Inc (NYSE:AMP) by 5,420 shares in the quarter, for a total of 7,244 shares, and has risen its stake in American Airls Group Inc (NASDAQ:AAL).

Since October 10, 2017, it had 0 buys, and 4 sales for $8.29 million activity. The insider Daiss Ann P sold $261,400. $1.30M worth of The Southern Company (NYSE:SO) shares were sold by Kerr – II James Y. BOWERS WILLIAM P also sold $4.26 million worth of The Southern Company (NYSE:SO) on Tuesday, October 10.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.16, from 1.16 in 2017Q2. It dived, as 51 investors sold SO shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. American Beacon invested 0.73% of its portfolio in The Southern Company (NYSE:SO). Northwestern Mutual Wealth Mgmt invested in 191,103 shares or 0.07% of the stock. Nikko Asset Mgmt Americas invested 0.01% in The Southern Company (NYSE:SO). Exane Derivatives accumulated 0.39% or 42,411 shares. Archford Strategies Llc stated it has 0.35% of its portfolio in The Southern Company (NYSE:SO). The Florida-based Raymond James Tru Na has invested 0.36% in The Southern Company (NYSE:SO). Columbia Asset Mgmt holds 28,608 shares or 0.43% of its portfolio. Nepsis Mgmt owns 44,116 shares. Advisory Ser reported 4,290 shares. First City Inc holds 1.21% or 35,286 shares. Crawford Counsel Inc holds 1.20 million shares or 1.92% of its portfolio. Blb&B Advsrs Ltd Liability Corporation accumulated 13,453 shares. Cap Advsrs Ltd Limited Liability Company owns 200 shares for 0% of their portfolio. Blue Chip Ptnrs invested 0.73% of its portfolio in The Southern Company (NYSE:SO). Bell Retail Bank has invested 1.04% in The Southern Company (NYSE:SO).

Investors sentiment decreased to 1.88 in Q3 2017. Its down 0.21, from 2.09 in 2017Q2. It dived, as 34 investors sold WAGE shares while 35 reduced holdings. 37 funds opened positions while 93 raised stakes. 41.12 million shares or 2.98% more from 39.93 million shares in 2017Q2 were reported. Nomura Hldgs stated it has 0% in WageWorks, Inc. (NYSE:WAGE). Amer International Grp Inc Incorporated reported 0.01% in WageWorks, Inc. (NYSE:WAGE). Scout stated it has 45,550 shares. State Of Alaska Department Of Revenue holds 0.02% of its portfolio in WageWorks, Inc. (NYSE:WAGE) for 7,842 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 1,585 shares or 0% of the stock. Oppenheimer Asset Management holds 0.06% or 36,658 shares. Riverbridge Partners Ltd Limited Liability Company holds 0.94% or 788,112 shares. Gotham Asset Mngmt Ltd reported 21,244 shares. Massachusetts-based Loomis Sayles & Limited Partnership has invested 0.06% in WageWorks, Inc. (NYSE:WAGE). Croft reported 0.13% in WageWorks, Inc. (NYSE:WAGE). Wellington Management Grp Llp invested in 1.48 million shares. Moreover, Prelude Capital Mgmt Ltd Llc has 0.03% invested in WageWorks, Inc. (NYSE:WAGE). Westfield Management Limited Partnership reported 330,565 shares. The Maryland-based Df Dent & Communications has invested 2.66% in WageWorks, Inc. (NYSE:WAGE). California State Teachers Retirement System invested in 0.01% or 63,673 shares.

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