Low-Risk Retirement Portfolio: Top 5 Stocks

In this article, we discuss 5 low-risk stocks for retirement. If you want to see more retirement stocks, go directly to read Low-Risk Retirement Portfolio: Top 10 Stocks. 

5. The Southern Company (NYSE:SO)

Number of Hedge Fund Holders: 28

The Southern Company (NYSE:SO) is a Georgia-based electric power distribution company. In Q2 2022, the company reported revenue of $7.21 billion, up 38.7% from the same period last year. Its operating cash flow stood at nearly $2 billion, up from $1.6 billion in the previous quarter. Moreover, it generated $193 million in free cash flow, compared with $173 million in the preceding quarter.

Since the start of 2022, The Southern Company (NYSE:SO) delivered a 14.7% return to shareholders while its 12-month returns came in at 20%, as of the close of August 9. On July 18, the company declared a quarterly dividend of $0.68 per share, raising it by 3% in April. This was the company’s 21st consecutive year of dividend growth. The stock’s dividend yield came in at 3.48% on August 9.

Highlighting the company’s growth profile, UBS upgraded The Southern Company (NYSE:SO) to Buy in August and also lifted the stock’s price target to $87.

At the end of Q1 2022, 28 hedge funds owned stakes in The Southern Company (NYSE:SO), up from 26 in the previous quarter, according to Insider Monkey’s data. These stakes hold a consolidated value of over $409.5 million. Jim Simons and Ken Griffin were some of the company’s leading stakeholders in Q1.