Reaves W H & Company Has Increased Southern Co Com (SO) Stake by $29.53 Million as Valuation Declined; Nfc Investments Trimmed Its Chimera Invt (CIM) Position as Stock Declined

April 23, 2018 - By Marie Mckinney

The Southern Company (NYSE:SO) Logo

Nfc Investments Llc decreased its stake in Chimera Invt Corp (CIM) by 3.78% based on its latest 2017Q4 regulatory filing with the SEC. Nfc Investments Llc sold 32,610 shares as the company’s stock declined 7.49% with the market. The hedge fund held 829,006 shares of the real estate investment trusts company at the end of 2017Q4, valued at $15.32M, down from 861,616 at the end of the previous reported quarter. Nfc Investments Llc who had been investing in Chimera Invt Corp for a number of months, seems to be less bullish one the $3.24B market cap company. The stock increased 0.17% or $0.03 during the last trading session, reaching $17.27. About 31,117 shares traded. Chimera Investment Corporation (NYSE:CIM) has declined 12.70% since April 23, 2017 and is downtrending. It has underperformed by 24.25% the S&P500.

Reaves W H & Company Inc increased its stake in Southern Co Com (SO) by 155.23% based on its latest 2017Q4 regulatory filing with the SEC. Reaves W H & Company Inc bought 615,225 shares as the company’s stock declined 8.19% with the market. The institutional investor held 1.01 million shares of the central company at the end of 2017Q4, valued at $48.65 million, up from 396,325 at the end of the previous reported quarter. Reaves W H & Company Inc who had been investing in Southern Co Com for a number of months, seems to be bullish on the $45.79 billion market cap company. It closed at $45.22 lastly. It is down 11.47% since April 23, 2017 and is downtrending. It has underperformed by 23.02% the S&P500.

Analysts await Chimera Investment Corporation (NYSE:CIM) to report earnings on May, 7. They expect $0.61 earnings per share, up 19.61% or $0.10 from last year’s $0.51 per share. CIM’s profit will be $114.55 million for 7.08 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by Chimera Investment Corporation for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

Nfc Investments Llc, which manages about $1.00 billion and $295.74 million US Long portfolio, upped its stake in Starwood Ppty Tr Inc (NYSE:STWD) by 207,980 shares to 810,563 shares, valued at $17.31M in 2017Q4, according to the filing. It also increased its holding in Athene Hldg Ltd by 125,395 shares in the quarter, for a total of 344,293 shares, and has risen its stake in Alliance Res Partners Lp (NASDAQ:ARLP).

Investors sentiment decreased to 0 in 2017 Q4. Its down 0.33, from 0.33 in 2017Q3. It fall, as 0 investors sold CIM shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 928,173 shares or 3.99% less from 966,760 shares in 2017Q3 were reported. Nfc Invs Lc holds 829,006 shares or 5.18% of its portfolio. 71,093 were reported by Capital Invest Llc. Balasa Dinverno Foltz Ltd Liability owns 28,074 shares for 0.08% of their portfolio.

Among 9 analysts covering Chimera Investment (NYSE:CIM), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Chimera Investment had 19 analyst reports since August 12, 2015 according to SRatingsIntel. The company was downgraded on Monday, January 18 by Wells Fargo. The stock of Chimera Investment Corporation (NYSE:CIM) earned “Buy” rating by Zacks on Wednesday, August 12. Barclays Capital upgraded the stock to “Equal-Weight” rating in Tuesday, October 13 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, February 15 report. Wells Fargo downgraded Chimera Investment Corporation (NYSE:CIM) on Friday, January 15 to “Market Perform” rating. The rating was upgraded by Credit Suisse on Thursday, January 25 to “Outperform”. The rating was maintained by Deutsche Bank on Thursday, August 3 with “Hold”. As per Wednesday, August 10, the company rating was maintained by Barclays Capital. The company was maintained on Tuesday, August 9 by Deutsche Bank. The stock has “Market Perform” rating by Wood on Tuesday, August 9.

Reaves W H & Company Inc, which manages about $3.03 billion and $3.17B US Long portfolio, decreased its stake in Eog Res Inc Com (NYSE:EOG) by 36,526 shares to 357,783 shares, valued at $38.61M in 2017Q4, according to the filing. It also reduced its holding in Nisource Inc Com (NYSE:NI) by 120,518 shares in the quarter, leaving it with 2.07 million shares, and cut its stake in Eqt Corp Com (NYSE:EQT).

Since October 26, 2017, it had 0 insider buys, and 1 insider sale for $2.46 million activity.

The Southern Company (NYSE:SO) Institutional Positions Chart

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