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Is It Time to Buy Stock in The Southern Company (SO)?

Dominion Resources, Inc. (NYSE:D), on the other hand, has big upside to natural gas not only in its generation portfolio but though its vast midstream operations. The company owns 11,000 miles of natural gas transmission, gathering, and storage pipeline in the Marcellus and Utica shales, as well as 947 billion cubic feet of natural gas storage capacity. Not only that but it’s in the process of turning its Cove Point LNG facility into a facility that can export natural gas. The company’s exposure to the growth in natural gas has helped keep its stock afloat over the past year.

So, while The Southern Company (NYSE:SO)’s business might not be wind-driven or all gassed up just yet, that doesn’t mean that its stock isn’t something worth owning. The company’s main focus right now is on nuclear, a move that could pay off handsomely over the long term. That’s why with a 4.5% dividend and that clean nuclear upside, Southern Company has some of the qualities you’d look for in a solid stock for income generation. That’s especially true when you consider that its dividend is tied with Duke Energy Corp (NYSE:DUK)’s for the highest among this peer group. So, if you’re looking for a utility to generate some solid income for your portfolio, then Southern Company stock is certainly a good stock to consider.

The article Is It Time to Buy Stock in Southern Company? originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Dominion Resources, Exelon, and Southern Company.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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