Barclays Updates Price Target for The Southern Company (SO)

The Southern Company (NYSE:SO) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now.

The Southern Company (NYSE:SO), through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also plays a leading role in the American nuclear energy sector and oversees eight reactors at three different facilities.

The Southern Company (NYSE:SO) gained momentum this week after Barclays raised the stock’s price target from $62 to $70, while keeping an ‘Equal Weight’ rating on its shares. The move comes as part of the analysts’ Q3 earnings preview of the utilities sector.

The Southern Company (NYSE:SO)’s Vogtle Units 3 and 4 stand out as the first commercial nuclear reactors built from scratch in the US in over thirty years. Moreover, one of Vogtle’s legacy reactors made headlines in 2024 when it ran at full capacity, becoming the first commercial reactor in America to run on next-generation fuel. This enables the utility to get more out of its existing reactors than in the past, marking a significant game-changer for the overall nuclear power sector.

The Southern Company (NYSE:SO) has built a solid reputation as a dividend-paying company,  boasting a remarkable record of paying dividends for 78 consecutive years. Moreover, the utility has increased its payouts 24 years in a row, putting it among the Best Dividend Stocks for a Dividend Champions List. SO has an annual dividend yield of 3.08% as of the writing of this article.

While we acknowledge the potential of SO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best Nuclear Power Stocks to Buy According to Analysts and 12 Best LNG Stocks to Buy According to Hedge Funds.

Disclosure: None.