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Sovran Advisors increased its stake in Southern Company, which beat earnings estimates and raised its dividend.
Sovran Advisors LLC increased its stake in Southern Company by 11.8% in the first quarter, now owning 4,159 shares worth $382,000.
Southern Company reported EPS of $1.23, beating estimates by $0.03, and announced a quarterly dividend of $0.74, yielding 3.22%.
The company is involved in electricity generation and distribution, including renewable energy projects, with a "Hold" rating and a target price of $92.93.
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Sovran Advisors aumentó su participación en Southern Company, que superó las estimaciones de ganancias y elevó su dividendo.