Institutional ownership in SO
According to a recent filing, Vanguard Group, the biggest institutional investor in Southern Company (SO), increased its holdings in SO by 2.3 million shares in 2Q17. Its holdings in the company have now risen to 7.1% of the total free-floating shares.
By comparison, State Street Global Advisers sold a net 1.3 million Southern Company shares in 2Q17, and it now holds approximately 4.8% in Southern Company stock.
T. Rowe Price bought 9.2 million net shares in the second quarter of 2017, and now, after the purchase, T. Rowe Price holds 2.2% of Southern Company’s total free-floating shares.
Continue to the next and final part of this series for a key discussion Southern Company’s price targets and analysts’ recommendations after 2Q17.