5 Most Profitable Utility Stocks Now

3. The Southern Company (NYSE:SO)

Latest TTM Net Income: $3 billion

The Southern Company (NYSE:SO) distributes gas and electricity to consumers in several American states. It’s one of the more remarkable stocks on our list when it comes to dividends since The Southern Company (NYSE:SO) has not reduced its dividend for a whopping 75 years.

During September 2023, 35 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in the company. The Southern Company (NYSE:SO)’s largest investor out of these is Phill Gross and Robert Atchinson’s Adage Capital Management as it owns $96 million worth of shares.

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