11 Best Regulated Electric Stocks to Buy Now

10. The Southern Company (NYSE:SO)

The Southern Company (NYSE:SO) is one of the 11 best regulated electric stocks to buy now.

On May 29, Truist analyst Richard Sunderland decreased the price target on The Southern Company (NYSE:SO) from $103 to $100, while reiterating a Hold rating on the stock. The revision was part of a research update that examined the broader Power and Utilities segment.

According to Sunderland, the strategic drivers for the company have been confirmed by the recent earnings call. The company continues to demonstrate solid operational execution around major load growth opportunities. It is also focused on advancing capital investments in new-generation infrastructure. The analyst also noted persistent operational tailwinds within the company’s Southern Power segment.

Back on May 1, Raymond James raised its price target on The Southern Company (NYSE:SO) from $103 to $104. The firm maintained an Outperform rating on the stock. The adjustment is based on Raymond James’ view that, despite modest post-earnings gains, Southern continues to demonstrate solid performance with attractive visibility into future demand.

This is further backed by a sizable contractual pipeline and regulated capital expenditure of roughly $81 billion that would support around 9% baseline growth up until 2030. The firm also noted that better financing transparency would preserve the company’s flexibility to elevate its capital investments, which could offer further upside.

The Southern Company (NYSE:SO) sells electricity to retail and wholesale customers and offers energy-related products and services. The company builds, owns, and runs power generation assets, battery storage projects, and micro-grids for commercial, industrial, and government customers. It also distributes natural gas, provides energy and resilience solutions, and invests in telecommunications.