Southern Company (NYSE:SO) — This large-cap electric utility owns Alabama Power, Georgia Power, Gulf Power and Mississippi Power. According to Credit Suisse, it remains a “best-in-class” utility offering a combination of strong annual earnings growth at 5% to 7%, along with a 4.7% yield. They target the stock at $45.
On Sept. 14, the Trade of the Day said, “Technically SO broke from a four-month top following a selling climax early in August. The stock’s near-term objective is in the mid-$40s, but it is recommended as a long-term buy.”
The stock has been a steady performer and its recent break above $43 is a strong positive. Continue to hold SO for its dividend income, stability and performance.
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