Barclays Updates Price Target for The Southern Company (SO)

Core Insights - The Southern Company (NYSE:SO) is recognized as one of the 12 Best Nuclear Power Dividend Stocks to buy currently [1] - Barclays has raised the price target for The Southern Company from $62 to $70 while maintaining an 'Equal Weight' rating [3] - The Southern Company has a strong dividend history, having paid dividends for 78 consecutive years and increased payouts for 24 years in a row, with an annual dividend yield of 3.08% [5] Company Overview - The Southern Company engages in the generation, transmission, and distribution of electricity and is a key player in the American nuclear energy sector, managing eight reactors across three facilities [2] - The Vogtle Units 3 and 4 are notable as the first commercial nuclear reactors built from scratch in the US in over thirty years, with one legacy reactor achieving full capacity using next-generation fuel [4] Investment Potential - The Southern Company is viewed as a solid investment opportunity, particularly in the context of its strong dividend performance and advancements in nuclear technology [5]