Tctc Holdings Has Increased Southern Co (SO) Position by $1.61 Million; Icahn Carl C Position in Icahn Enterprises LP (IEP) Increased as Share Price Declined

January 19, 2018 - By Adrian Erickson

Carl Icahn increased its stake in Icahn Enterprises Lp (IEP) by 2.82% based on its latest 2017Q3 regulatory filing with the SEC. Icahn Carl C bought 4.21 million shares as the company’s stock declined 12.27% while stock markets rallied. The hedge fund run by Carl Icahn held 153.49M shares of the integrated oil company at the end of 2017Q3, valued at $8.42 billion, up from 149.28M at the end of the previous reported quarter. Icahn Carl C who had been investing in Icahn Enterprises Lp for a number of months, seems to be bullish on the $9.44 billion market cap company. The stock decreased 0.16% or $0.09 during the last trading session, reaching $55.81. About 48,710 shares traded. Icahn Enterprises L.P. (NASDAQ:IEP) has declined 7.69% since January 19, 2017 and is downtrending. It has underperformed by 24.39% the S&P500.

Tctc Holdings Llc increased its stake in Southern Co (SO) by 39.95% based on its latest 2017Q3 regulatory filing with the SEC. Tctc Holdings Llc bought 32,844 shares as the company’s stock rose 4.35% with the market. The institutional investor held 115,056 shares of the central company at the end of 2017Q3, valued at $5.65M, up from 82,212 at the end of the previous reported quarter. Tctc Holdings Llc who had been investing in Southern Co for a number of months, seems to be bullish on the $45.06 billion market cap company. The stock decreased 0.33% or $0.15 during the last trading session, reaching $44.9. About 9.89M shares traded or 87.55% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since January 19, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Since August 3, 2017, it had 0 insider buys, and 5 sales for $11.99 million activity. Daiss Ann P sold 5,000 shares worth $261,400. WOMACK CHRISTOPHER C sold $3.70M worth of stock or 75,144 shares. $4.26 million worth of stock was sold by BOWERS WILLIAM P on Tuesday, October 10. The insider Kerr – II James Y sold 25,000 shares worth $1.30M.

Tctc Holdings Llc, which manages about $1.62 billion US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 4,400 shares to 165,842 shares, valued at $14.74 million in 2017Q3, according to the filing. It also reduced its holding in Hollyfrontier Corp (NYSE:HFC) by 27,200 shares in the quarter, leaving it with 13.97M shares, and cut its stake in Price T Rowe Group Inc (NASDAQ:TROW).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.16, from 1.16 in 2017Q2. It turned negative, as 51 investors sold SO shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. Highstreet Asset Mgmt invested in 161 shares or 0% of the stock. Moreover, State Of Tennessee Treasury Department has 0.07% invested in The Southern Company (NYSE:SO) for 271,943 shares. First Dallas Securities Inc holds 12,553 shares. Confluence Wealth Management Limited Liability Com reported 5,083 shares. Ruggie Cap Gp holds 0.08% or 2,578 shares in its portfolio. Investment Management Of Virginia Ltd Liability invested in 0.08% or 6,575 shares. Regentatlantic Limited Co accumulated 6,737 shares. Stock Yards Fincl Bank & Company reported 0.13% of its portfolio in The Southern Company (NYSE:SO). Commonwealth Equity stated it has 0.16% of its portfolio in The Southern Company (NYSE:SO). Bessemer Group Inc Inc accumulated 0.03% or 134,215 shares. Beacon Fin Group Inc Incorporated holds 1.71% of its portfolio in The Southern Company (NYSE:SO) for 192,630 shares. Wealth Architects Ltd Liability Corporation reported 0.07% of its portfolio in The Southern Company (NYSE:SO). Principal Fincl Grp Incorporated reported 0.07% in The Southern Company (NYSE:SO). Donaldson Management Limited Company has 9,135 shares for 0.05% of their portfolio. Nationwide Fund Advsrs holds 0.05% of its portfolio in The Southern Company (NYSE:SO) for 280,792 shares.

Among 19 analysts covering The Southern Company (NYSE:SO), 6 have Buy rating, 6 Sell and 7 Hold. Therefore 32% are positive. The Southern Company had 57 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, July 14, the company rating was maintained by Goldman Sachs. The firm earned “Sell” rating on Thursday, January 11 by Goldman Sachs. Bank of America maintained The Southern Company (NYSE:SO) rating on Tuesday, October 24. Bank of America has “Underperform” rating and $51 target. On Wednesday, January 25 the stock rating was initiated by Credit Suisse with “Underperform”. Jefferies maintained The Southern Company (NYSE:SO) on Wednesday, August 30 with “Buy” rating. The firm earned “Buy” rating on Tuesday, December 26 by Mizuho. The stock of The Southern Company (NYSE:SO) earned “Buy” rating by Deutsche Bank on Tuesday, August 1. The firm earned “Hold” rating on Friday, March 31 by BMO Capital Markets. The stock has “Hold” rating by Zacks on Sunday, August 16. The firm has “Hold” rating by SunTrust given on Wednesday, October 18.

Among 2 analysts covering Icahn Enterprises LP (NASDAQ:IEP), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Icahn Enterprises LP had 4 analyst reports since July 22, 2015 according to SRatingsIntel. On Wednesday, November 8 the stock rating was maintained by UBS with “Sell”. The firm has “Sell” rating given on Thursday, August 18 by UBS. Jefferies maintained the stock with “Buy” rating in Friday, November 3 report.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.79, from 1.67 in 2017Q2. It fall, as 12 investors sold IEP shares while 21 reduced holdings. 7 funds opened positions while 22 raised stakes. 164.45 million shares or 3.31% more from 159.18 million shares in 2017Q2 were reported. Gabelli And Company Invest Advisers Incorporated invested in 0.05% or 7,500 shares. Global X Mgmt Ltd Liability Company has invested 0% in Icahn Enterprises L.P. (NASDAQ:IEP). Barclays Public Llc owns 1,495 shares. Alexandria Limited Liability Corp owns 0% invested in Icahn Enterprises L.P. (NASDAQ:IEP) for 210 shares. Deutsche Financial Bank Ag, a Germany-based fund reported 106,023 shares. Ontario – Canada-based National Bank Of Montreal Can has invested 0% in Icahn Enterprises L.P. (NASDAQ:IEP). Oppenheimer Com Inc invested in 0.01% or 3,987 shares. Envestnet Asset Mngmt Inc invested in 1,019 shares or 0% of the stock. Horizon Kinetics Ltd Liability Com holds 4.19% or 2.60 million shares in its portfolio. Cambridge Investment Advisors Inc holds 0% or 6,583 shares. Hightower Ltd Liability Corp has invested 0.02% in Icahn Enterprises L.P. (NASDAQ:IEP). Pnc Fincl Group Inc Incorporated Inc has invested 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP). Texas Yale reported 62,593 shares. Ipg Investment Advsr Ltd Co has invested 0.07% in Icahn Enterprises L.P. (NASDAQ:IEP). Qci Asset Management Ny owns 150 shares or 0% of their US portfolio.

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