Matthew Davis’ Coann Capital Portfolio: Top 5 Stock Picks

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In this article, we discuss the top 5 stock picks of Matthew Davis’ Coann Capital. If you want our detailed analysis of these stocks, go directly to Matthew Davis’ Coann Capital Portfolio: Top 10 Stock Picks.

5. The Southern Company (NYSE:SO)

Coann Capital’s Stake Value: $7,964,000

Percentage of Coann Capital’s 13F Portfolio: 7.68%

Number of Hedge Fund Holders: 37

Coann Capital owns 128,520 shares in The Southern Company (NYSE:SO) as of September this year, valued at $7.96 million, representing 7.68% of the firm’s stock portfolio. The Southern Company (NYSE:SO) is an Atlanta-based electric and gas utility company that serves customers across the Southern region of the US. Via its multiple subsidiaries, The Southern Company (NYSE:SO) accommodates the electricity and gas needs of almost 9 million customers across 6 states. 

The Southern Company (NYSE:SO) on November 4 posted its Q3 results. EPS for the period totaled $1.23, beating estimates by $0.01. Q3 Revenue at The Southern Company (NYSE:SO) equaled $6.24 billion, exceeding estimated revenue by $91.44 million. 

Insider Monkey tracks the hedge fund sentiment of 873 funds as of June this year. 37 hedge funds were bullish on The Southern Company (NYSE:SO), with stakes worth $606.4 million. This is compared to 35 funds in the preceding quarter, reporting stakes valued at $464 million. 

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