The Southern Company (NYSE:SO) is among the 14 Best Utility Dividend Stocks to Buy Now, according to Insider Monkey. The company is a major electricity producer in the US and the largest wholesaler in the Southeast, serving 9 million customers. Analysts recently lowered SO’s price target from $98 to $91, but maintained an ‘Equal Weight’ rating on its shares. The company reported Q3 adjusted earnings of $1.6 per share, exceeding expectations, but revenue fell short by around $100 million. SO declared a quarterly dividend of $0.74 per share and currently offers an annual dividend yield of 3.32%. While SO shows investment potential, some AI stocks offer greater upside potential with less downside risk. For more information on undervalued AI stocks, see Insider Monkey’s free report on the best short-term AI stock.
Read more at Yahoo Finance: The Southern Company (SO) Price Target Lowered by Analysts
