SG Americas Securities LLC Cuts Stake in Southern Company (The) $SO

SG Americas Securities LLC reduced its holdings in Southern Company by 50.5% during the fourth quarter, selling 317,820 shares. Despite this, several other large institutional investors, including Capital World Investors and Norges Bank, significantly increased their stakes in the utilities provider. Southern Company management also saw an EVP sell shares, while the company maintains an average “Hold” rating from analysts with a consensus price target of $98.08.

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