The Southern Company (SO) At $46.31 Forms Bottom; Ing Infrastructure Industrials & Materials Fund (IDE)’s Sentiment Is 1.18

July 1, 2018 - By John Hoffman

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The Southern Company (SO) formed multiple bottom with $44.46 target or 4.00% below today’s $46.31 share price. The Southern Company (SO) has $46.85B valuation. The stock decreased 0.06% or $0.03 during the last trading session, reaching $46.31. About 4.02 million shares traded. The Southern Company (NYSE:SO) has declined 11.84% since July 1, 2017 and is downtrending. It has underperformed by 24.41% the S&P500. Some Historical SO News: 09/04/2018 – TRIUMPH BANCORP TO BUY FIRST BANCORP OF DURANGO, SOUTHERN CO,; 02/05/2018 – SOUTHERN SEES UP TO $500M INVESTMENTS ANNUALLY AT POWER UNIT; 09/05/2018 – Georgia Power Marketplace features latest Hive home products; 02/05/2018 – SOUTHERN SEEKING $1B IN WIND TAX EQUITY FINANCING; 14/03/2018 – S&PGR Afrms Southern & Most Subs Rtgs, Otlk Neg; MPC Upgraded; 21/05/2018 – NextEra to Buy Southern Co. Florida Utilities for $5.1 Billion; 14/05/2018 – ITRON INC – NEW AGREEMENT WITH MISSISSIPPI POWER-A SUBSIDIARY OF SOUTHERN COMPANY; 16/04/2018 – Southern Company Increases Dividend For 17th Consecutive Year; Annualized Rate Goes To $2.40 Per Share; 18/04/2018 – SOUTHERN’S HATCH 2 REACTOR CUT TO 50% POWER FROM 100%: NRC; 09/04/2018 – SOUTHERN CEO FANNING: NATURAL GAS WILL NEED CABON CAPTURE

Ing Infrastructure Industrials & Materials Fund (IDE) investors sentiment decreased to 1.18 in 2018 Q1. It’s down -0.04, from 1.22 in 2017Q4. The ratio has dropped, as 13 institutional investors increased or opened new holdings, while 11 sold and reduced their equity positions in Ing Infrastructure Industrials & Materials Fund. The institutional investors in our database now possess: 2.60 million shares, up from 2.40 million shares in 2017Q4. Also, the number of institutional investors holding Ing Infrastructure Industrials & Materials Fund in top ten holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 10 Increased: 7 New Position: 6.

National Asset Management Inc. holds 0.07% of its portfolio in Voya Infrastructure, Industrial for 31,598 shares. Aviance Capital Partners Llc owns 13,423 shares or 0.06% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.03% invested in the company for 130,523 shares. The Alabama-based Cornerstone Advisors Inc has invested 0.02% in the stock. Private Advisor Group Llc, a New Jersey-based fund reported 26,011 shares.

The stock increased 0.32% or $0.05 during the last trading session, reaching $15.55. About 40,358 shares traded. Voya Infrastructure, Industrial (IDE) has risen 1.20% since July 1, 2017 and is uptrending. It has underperformed by 11.37% the S&P500.

Among 10 analysts covering Southern Co (NYSE:SO), 2 have Buy rating, 3 Sell and 5 Hold. Therefore 20% are positive. Southern Co has $52.0 highest and $42 lowest target. $45.94’s average target is -0.80% below currents $46.31 stock price. Southern Co had 28 analyst reports since January 2, 2018 according to SRatingsIntel. The stock has “Buy” rating by Guggenheim on Tuesday, January 2. The rating was maintained by Deutsche Bank with “Buy” on Thursday, February 22. JP Morgan maintained The Southern Company (NYSE:SO) rating on Tuesday, April 10. JP Morgan has “Underweight” rating and $45 target. The firm has “Neutral” rating by Credit Suisse given on Monday, May 7. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, June 13. The rating was maintained by SunTrust on Monday, March 5 with “Hold”. The stock of The Southern Company (NYSE:SO) has “Neutral” rating given on Friday, June 22 by Citigroup. SunTrust maintained the shares of SO in report on Monday, April 16 with “Hold” rating. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, January 11. The stock of The Southern Company (NYSE:SO) has “Underweight” rating given on Thursday, March 8 by Morgan Stanley.

Investors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It fall, as 76 investors sold The Southern Company 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. Mckinley Carter Wealth Service owns 4,940 shares for 0.07% of their portfolio. Parsons Cap Mgmt Ri owns 33,728 shares. Rhumbline Advisers holds 0.17% of its portfolio in The Southern Company (NYSE:SO) for 1.82 million shares. Aviva Public Lc invested 0.14% in The Southern Company (NYSE:SO). Research Investors reported 19.90 million shares or 0.25% of all its holdings. Cornerstone Advsrs has invested 0.01% of its portfolio in The Southern Company (NYSE:SO). Cadence Cap Mgmt Ltd holds 0.2% or 67,488 shares in its portfolio. Cim Investment Mangement invested in 0.15% or 10,170 shares. Dnb Asset Management As stated it has 144,506 shares. Glob X Lc invested 0.18% of its portfolio in The Southern Company (NYSE:SO). Moreover, Old Natl Comml Bank In has 0.05% invested in The Southern Company (NYSE:SO) for 20,509 shares. Franklin has invested 0.88% in The Southern Company (NYSE:SO). Wells Fargo Co Mn invested 0.12% in The Southern Company (NYSE:SO). Moreover, Pub Sector Pension Invest Board has 0.02% invested in The Southern Company (NYSE:SO) for 56,139 shares. Northstar Invest Advsr invested in 129,390 shares or 1.22% of the stock.

The Southern Company (NYSE:SO) Institutional Positions Chart