5 Best Electric Utility Stocks To Buy Right Now

Page 1 of 5

In this article, we discuss 5 best electric utility stocks to buy now. If you want to read our discussion on the electric utility industry, head over to 11 Best Electric Utility Stocks To Buy Right Now

5. The Southern Company (NYSE:SO)

Number of Hedge Fund Holders: 36

The Southern Company (NYSE:SO) specializes in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects. The Southern Company (NYSE:SO) is one of the best utility stocks to monitor. On February 15, the company announced a Q4 non-GAAP EPS of $0.64, exceeding Street forecasts by $0.04. However, the revenue declined 14.2% year-over-year to $6.05 billion, falling short of market estimates by $1.32 billion. 

According to Insider Monkey’s fourth quarter database, 36 hedge funds were bullish on The Southern Company (NYSE:SO), compared to 35 funds in the prior quarter. Paul Marshall and Ian Wace’s Millennium Management is the leading position holder in the company, with 2 million shares valued at $162.8 million. 

Follow Southern Co (NYSE:SO)

Page 1 of 5