5 Stocks Billionaire Steve Cohen Just Bought and Sold

In this article, we’re going to take a look at 5 stocks billionaire Steve Cohen just bought and sold. For a more detailed analysis about Steve Cohen’s hedge fund Point72 Asset Management and a more detailed list of picks, take a look at 12 stocks billionaire Steve Cohen just bought and sold.

5. Southern Co (NYSE:SO)

Value of Position: $146.31 million

Bought or Sold: Sold

In Southern Co (NYSE:SO), billionaire Steve Cohen’s Point72 Asset Management liquidated the position that had previously been reported at 2.26 million shares. Southern Co (NYSE:SO) is a electricity and gas utility company that operates in the Southern part of the United States. For the last quarter, Southern Co (NYSE:SO) reported revenue of $6.98 billion and EPS of $1.42, versus the consensus estimate of $8.38 billion and $1.32, respectively. The company pays a dividend of $0.70 per share and has been growing for more than two decades, making it to our list of 5 high yield stocks to buy in November.

There were 35 funds in our database bullish on Southern Co (NYSE:SO) at the end of September, up by three over the quarter.