State Street Corp. Amends Southern Co. Stake Disclosure
Ticker: SOJF · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 92122
| Field | Detail |
|---|---|
| Company | Southern Co (SOJF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, utility-sector
TL;DR
**State Street still holds Southern Co. stock, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Southern Company common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant stake in Southern Company, a utility company based in Atlanta, GA. This matters to investors because large institutional holdings like State Street's can signal confidence in the company's long-term prospects and provide stability to the stock price.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, maintains a significant position in Southern Company, which can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor and does not indicate any immediate negative or positive risk for the stock.
Analyst Insight
Investors should note that State Street Corporation continues to hold a position in Southern Company, suggesting ongoing institutional interest. This is a routine update and doesn't warrant immediate action, but it's a data point for long-term holders.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- Southern Co/The (company) — the issuer whose common stock is being reported
- January 29, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event which requires the filing
- 0000093751-24-000357 (string) — the accession number for the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'CONFORMED SUBMISSION TYPE' and 'FORM TYPE' fields.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as identified under 'FILED BY' and 'NAME OF REPORTING PERSON' on page 2 of 5.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is SOUTHERN CO/THE, as stated under 'SUBJECT COMPANY' and 'NAME OF ISSUER'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of Southern Co/The is 842587107, as listed under 'CUSIP NUMBER' on page 1 and page 2 of 5.
What was the date of the event that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023, as specified on page 1 of 5.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding SOUTHERN CO (SOJF).