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Horizon Investments LLC has significantly expanded its equity positions in Eastman Chemical, Cummins, ServiceNow, and ADP, reflecting strong institutional confidence following robust quarterly reports. Conversely, the firm reduced its stake in Southern Company (SO) by approximately 21%, selling 12,797 shares and leaving a total holding of 48,050 shares. This reduction occurred despite Southern Company generating $8.40 billion in revenue, driven by surging power demand and a notable Q1 earnings beat. Southern Company also recently announced a dividend increase, highlighting its stable financial position. These strategic adjustments by Horizon reflect a broader portfolio rebalancing effort aimed at optimizing exposure across different sectors. Overall, the moves underscore a tactical shift in institutional asset allocation based on updated fiscal outlooks.
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