Hollencrest Securities Has Cut Verizon Communicatn (VZ) Holding by $510,620 as Valuation Declined; As Southern Co (SO) Share Price Rose, Fort Washington Investment Advisors Has Lifted Its Stake by $346,343

December 7, 2017 - By Dolores Ford

Hollencrest Securities Llc decreased its stake in Verizon Communicatn (VZ) by 19.64% based on its latest 2017Q2 regulatory filing with the SEC. Hollencrest Securities Llc sold 11,605 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 47,494 shares of the telecommunications equipment company at the end of 2017Q2, valued at $2.12M, down from 59,099 at the end of the previous reported quarter. Hollencrest Securities Llc who had been investing in Verizon Communicatn for a number of months, seems to be less bullish one the $206.75B market cap company. The stock decreased 0.47% or $0.24 during the last trading session, reaching $50.68. About 17.30M shares traded or 3.93% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since December 7, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.




Fort Washington Investment Advisors Inc increased its stake in Southern Co (SO) by 135.31% based on its latest 2017Q2 regulatory filing with the SEC. Fort Washington Investment Advisors Inc bought 7,369 shares as the company’s stock rose 4.35% with the market. The hedge fund held 12,815 shares of the central company at the end of 2017Q2, valued at $614,000, up from 5,446 at the end of the previous reported quarter. Fort Washington Investment Advisors Inc who had been investing in Southern Co for a number of months, seems to be bullish on the $51.08 billion market cap company. The stock increased 1.05% or $0.53 during the last trading session, reaching $50.89. About 4.04 million shares traded. The Southern Company (NYSE:SO) has risen 2.49% since December 7, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.

Since June 12, 2017, it had 0 insider buys, and 3 insider sales for $3.96 million activity. BEATTIE ART P had sold 46,940 shares worth $2.42M. Daiss Ann P sold 5,000 shares worth $256,400.

Investors sentiment decreased to 1.16 in 2017 Q2. Its down 0.01, from 1.17 in 2017Q1. It worsened, as 60 investors sold SO shares while 330 reduced holdings. 78 funds opened positions while 373 raised stakes. 520.53 million shares or 0.60% less from 523.66 million shares in 2017Q1 were reported. Exane Derivatives has 43,391 shares. Texas-based Teacher Retirement Of Texas has invested 0% in The Southern Company (NYSE:SO). Etrade Capital Mgmt Ltd holds 30,596 shares. Boothbay Fund Mngmt Limited Liability Corporation holds 7,150 shares or 0.07% of its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt holds 791,700 shares. Schaller Invest Gp has invested 0.26% in The Southern Company (NYSE:SO). Mcmillion Inc has invested 0.42% in The Southern Company (NYSE:SO). Winslow Evans Crocker accumulated 5,263 shares. Td Asset holds 0.07% or 863,859 shares in its portfolio. Da Davidson Company owns 54,183 shares or 0.06% of their US portfolio. Gateway Advisers Limited Liability Company holds 0.08% of its portfolio in The Southern Company (NYSE:SO) for 188,670 shares. Pacad Invest Limited reported 0.48% in The Southern Company (NYSE:SO). Aull Monroe Management Corp reported 114,026 shares stake. Renaissance Technology Ltd Liability Corporation holds 2.54 million shares. Exxonmobil Inv Mgmt Tx reported 0.23% of its portfolio in The Southern Company (NYSE:SO).

Fort Washington Investment Advisors Inc, which manages about $44.90B and $6.35B US Long portfolio, decreased its stake in Kroger Co (NYSE:KR) by 15,760 shares to 23,065 shares, valued at $538,000 in 2017Q2, according to the filing. It also reduced its holding in Ameriprise Financial Inc (NYSE:AMP) by 5,942 shares in the quarter, leaving it with 36,436 shares, and cut its stake in Jazz Pharmaceuticals Plc (NASDAQ:JAZZ).

Among 18 analysts covering The Southern Company (NYSE:SO), 6 have Buy rating, 4 Sell and 8 Hold. Therefore 33% are positive. The Southern Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, August 30 the stock rating was maintained by Jefferies with “Buy”. The company was upgraded on Thursday, September 14 by Guggenheim. The firm earned “Underweight” rating on Monday, November 13 by Morgan Stanley. The firm earned “Hold” rating on Sunday, July 30 by RBC Capital Markets. As per Wednesday, June 28, the company rating was maintained by RBC Capital Markets. The stock of The Southern Company (NYSE:SO) earned “Outperform” rating by RBC Capital Markets on Friday, September 29. The company was upgraded on Friday, March 3 by Jefferies. Zacks upgraded the shares of SO in report on Sunday, August 16 to “Hold” rating. The stock of The Southern Company (NYSE:SO) has “Underweight” rating given on Thursday, August 10 by Morgan Stanley. The stock of The Southern Company (NYSE:SO) earned “Neutral” rating by Goldman Sachs on Thursday, July 14.

More notable recent The Southern Company (NYSE:SO) news were published by: Seekingalpha.com which released: “Buy Southern Company On Improving Earnings Visibility” on November 21, 2017, also Seekingalpha.com with their article: “Southern Company: This 5.25% Baby Bond Started Trading On The NYSE” published on November 29, 2017, Investorplace.com published: “Southern Co’s (SO) Solid Quant Score Make it a Buy” on November 08, 2017. More interesting news about The Southern Company (NYSE:SO) were released by: Investorplace.com and their article: “Southern Co’s (SO) High-Level Quant Score Make it a Buy” published on December 06, 2017 as well as Bloomberg.com‘s news article titled: “Toshiba to Speed $1.5 Billion Payment to Southern on Nuke Plant” with publication date: December 05, 2017.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on January, 23. They expect $0.88 earnings per share, up 2.33% or $0.02 from last year’s $0.86 per share. VZ’s profit will be $3.59B for 14.40 P/E if the $0.88 EPS becomes a reality. After $0.98 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It dropped, as 90 investors sold VZ shares while 700 reduced holdings. 112 funds opened positions while 587 raised stakes. 2.49 billion shares or 0.28% less from 2.50 billion shares in 2017Q1 were reported. Buckingham Mngmt Inc reported 0.56% stake. Grimes And Incorporated has 0.41% invested in Verizon Communications Inc. (NYSE:VZ). Parkwood Ltd Llc accumulated 151,564 shares. Corda Investment Limited Co accumulated 367,793 shares. Cadinha Co Llc invested in 16,619 shares. Hillsdale Inv Mgmt Inc holds 0% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 60 shares. Aviance Cap Mngmt Limited Com owns 653,093 shares or 1.78% of their US portfolio. Thomaspartners Inc owns 6.07M shares or 2.33% of their US portfolio. Essex Invest Mgmt Llc holds 39,974 shares. Moreover, Loeb Prtn has 0.1% invested in Verizon Communications Inc. (NYSE:VZ). Fulton Bancorporation Na accumulated 130,017 shares or 0.45% of the stock. Umb Bank N A Mo invested 0.68% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Shikiar Asset Mngmt reported 7,881 shares. Greystone Managed accumulated 198,990 shares or 0.41% of the stock. Wright Invsts Service reported 0.27% in Verizon Communications Inc. (NYSE:VZ).

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