Smith Chas P & Associates PA Cpas Sells 14,955 Shares of Southern Company (The)

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Smith Chas P & Associates PA Cpas, an institutional investor, decreased its position in shares of Southern Company (The) (NYSE:SO) by 55.1% during the 3rd quarter, according to the company's recent 13F filing with the Securities & Exchange Commission. The firm now owns 12,192 shares of the utilities provider's stock, down from 27,147 shares previously.

Why it matters

This transaction reflects changes in the investment portfolio of Smith Chas P & Associates PA Cpas, which could signal broader trends in the utilities sector or the firm's investment strategy. Southern Company is a major electric and gas utility serving the southeastern United States, so changes in ownership of its stock can provide insights into the market's view of the company and the broader utilities industry.

The details

According to the 13F filing, Smith Chas P & Associates PA Cpas sold 14,955 shares of Southern Company (The) stock during the 3rd quarter. This reduced the firm's total holdings in the company to 12,192 shares, valued at $1,155,000 at the end of the reporting period.

• The transaction occurred during the 3rd quarter of the year.