|Day's Range||8.22 - 8.60|
Today we'll look at The Southern Company (NYSE:SO) and reflect on its potential as an investment. In particular, we'll...
ATLANTA , Oct. 21, 2019 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 62 cents per share on the company's common stock, payable December 6, 2019 , to shareholders of ...
Strong storm activity in the months of August and September might have pushed up CMS Energy's (CMS) Q3 expenses. However, positive rate case outcomes are likely to have benefited the company's bottom line.
ATLANTA, Oct. 17, 2019 /PRNewswire/ -- Southern Company's 2019 proxy statement was named the number one proxy statement in the United States in the inaugural U.S. Transparency Awards, sponsored by Labrador, a global communications firm specializing in regulated disclosure documents. The rankings compared the efficacy of corporate disclosure documents among the top S&P 250 companies trading on the New York Stock Exchange or Nasdaq, as determined by market capitalization. Proxy statements provide investors with the information needed for informed decision-making in advance of a company's annual shareholders meeting.
The Zacks Analyst Blog Highlights: Southern Company, Applied Materials, Vertex Pharmaceuticals, NVIDIA and Edwards Lifesciences
Southern Company stock has slowed down after a 40% run this year. The utility is expected to release its third-quarter earnings by the end of this month.
BIRMINGHAM, Ala. , Oct. 16, 2019 /PRNewswire/ -- The board of directors of Alabama Power Company has declared the regular quarterly dividends on the company's outstanding preferred stock as follows: Preferred ...
Techstars will team with Alabama Power Co., the EDPA and the Alabama Department of Commerce to launch a new energy-focused accelerator program
ATLANTA, Oct. 16, 2019 /PRNewswire/ -- Southern Company has been selected as a finalist for the Corporate Social Responsibility Award – Diversified Program at the 21st annual S&P Global Platts Global Energy Awards. The 2019 finalists were announced by program host S&P Global Platts, the global provider of energy and commodities information and spot market benchmarks. The Corporate Social Responsibility (CSR) Award emphasizes the convergence of profitability and company values.
BIRMINGHAM, Ala., Oct. 16, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, is partnering with Alabama Power, with additional support from the Economic Development Partnership of Alabama (EDPA) and the Alabama Department of Commerce, to launch the Techstars Alabama EnergyTech Accelerator. The new venture is a startup accelerator focused on innovations in energy technology to be located in Birmingham, Alabama.
DURHAM, N.C., Oct. 16, 2019 /PRNewswire/ -- PowerSecure, Inc., a subsidiary of Southern Company, today announced the launch of Microgrid 360, a state-of-the-art microgrid campus that optimizes PowerSecure's vertically-integrated solutions and is itself an advanced microgrid, consisting of ultra-clean and modular Tier 4 Final engines, a solar array, fuel cells and battery energy storage system, all managed by the company's proprietary PowerControl platform. Jim Smith, group executive of PowerSecure, commented on how this new capability supports the goals of PowerSecure's customers.
BOULDER, Colo., Oct. 16, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, today announced the launch of the Techstars Alabama EnergyTech Accelerator. The accelerator will run in partnership with Alabama Power with support from the Alabama Department of Commerce and the Economic Development Partnership of Alabama (EDPA).
Top utility stocks trended lower and lost 1.3% last week. Broader markets were positive but cautious on trade talk optimism, gaining 0.7% last week.
Southern Research has been awarded a $2.8 million grant from the U.S. Department of Energy to develop smart maintenance robots that will work autonomously in nuclear reactors. The grant came from the DOE's Advanced Research Projects Agency-Energy. The project will use artificial intelligence and machine learning to train the robots to complete maintenance tasks at a future molten salt reactor facility. “The MSR technology is very promising because of its inherent safety, but the high-temperature, high-radiation environment makes it necessary to remotely maintain the reactor. Training robots to perform maintenance tasks is a key capability in the development of these reactors,” said Robert Amaro, a mechanical engineer and advanced manufacturing specialist at Southern Research’s Engineering division.
[Editor's note: "6 Safe Dividend Stocks to Buy Now" was previously published in September 2019. It has since been updated to include the most relevant information available.] From continuing concerns about the China-U.S. trade war to worries about the yield curve inversion, the stock market still faces many steep risks.America's political situation hasn't been this tense in decades. The EU is facing a host of challenges, and there's always volatility lurking somewhere.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdd it all up, and things could easily get volatile quite soon. That leaves investors wondering where they can go for safety.After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on those stocks as well. * 7 A-Rated Stocks to Buy for the Rest of 2019 That leaves safe-haven dividend stocks as a more favorable alternative. Here are six worth taking a look at. Diageo (DEO)Dividend Yield: 2.10%Rain or shine, good economy or bad, people like to drink alcohol. And for safe dividend seekers, that makes Diageo (NYSE:DEO) an ideal play. While its name may not be familiar, its brands almost certainly are. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others. Source: Puamella via Flickr (Modified)DEO stock is a well-known safe haven for investors. The company is headquartered in the U.K. and was one of the very few stocks to go up the day after Brexit in that country as British investors sold risky stocks and moved to safety. Diageo will again serve as a safe haven whenever the next bear market/recession hits.Diageo isn't just a great business, it's also a great dividend play. The company has continuously raised its dividend (as measured in its home currency of British Pounds) each of the past 20 years. Campbell Soup (CPB)Dividend Yield: 3%Campbell Soup (NYSE:CPB) is one of the unloved packaged-foods makers. It's not hard to see why, if you only think about the company's name. Canned soup certainly isn't trendy with younger consumers at this point. And there's a general nutritional wariness about heavily salted foods.Source: Shutterstock That said, there's much more to Campbell Soup than just the iconic red cans. The company is more and more a snack food play. As we know, while Americans profess an interest in healthier eating, they still love their junk food from time to time. Campbell's, owner of Hanover, Pop Secret, Goldfish and Pepperidge Farm, is in a great position to profit off of this. * 7 A-Rated Stocks to Buy for the Rest of 2019 Pepsico (NYSE:PEP), the leader in snacks, consistently gets a high P/E ratio from the market, as investors acknowledge the stickiness of their brands with consumers. The market, however, is not appreciating Campbell Soup as much. Shares are down from $50 in 2017 to $47 now. PacWest Bancorp (PACW)Dividend Yield: 6.6%After investors dumped bank stocks late last year, a lot of value has been created in this generally overlooked sector of the market, where solid dividends abound.Source: Shutterstock That brings us to PacWest Bancorp (NASDAQ:PACW), which offers a more-than 6% dividend yield at the moment. Headquartered in Los Angeles, PacWest is a major player throughout the California market and currently sports a $4 billion market cap. That puts it in a sweet spot, size-wise, where it may still be a buyout candidate, but it is large enough to manage the rising costs of regulation and banking technology costs.Despite the horrid state of the California housing market in 2008, PacWest survived the crisis. In fact, its shares never came close to zero during the panic. The bank has come out stronger, and is now generating record profits. Thanks to the corporate tax cuts in particular, PACW stock is now at a cheap P/E ratio of just 9.4 times its trailing earnings. New York Community Bancorp (NYCB)Dividend Yield: 5.22%Despite its large yield, New York Community Bancorp (NASDAQ:NYCB) is an even safer bank stock. NYCB stock currently yields 5.2%, and they earn more than enough to cover the dividend, with earnings coming in at around 79 cents and dividends at 68 cents annually. NYCB stock was down 12% last year because the sector was down, as discussed above. Over the last few months, though, it has fought its way back to the levels it traded at before the fall. That's why the bank is one of the safest in the country. It lends primarily against multi-family homes in New York City, one of the lowest-risk lending markets out there. * 7 A-Rated Stocks to Buy for the Rest of 2019 The bank's loans barely budged in performance even during 2008. With a strong dividend covered out of earnings and a safe loan book, investors can earn a large dividend income from a most conservative bank. Southern Co (SO)Dividend Yield: 4%In the worst of times, people tend to still want to use electricity. Even a severe economic downturn tends to not impact utility stocks too dramatically. As such, it's a sound sector to buy when investors get panicky, such as what we're seeing with the market now.Source: Desiree Kane via FlickrSouthern Co (NYSE:SO), as one of the highest-yielding large power utilities, checks the boxes for safe dividend stocks here. SO stock is currently yielding 4%.Its high yield is in large part, it seems, due to interest rates having gone up. Many investors treat utility stocks as substitutes for bonds. As such, when interest rates go up, investors demand a higher yield from their utility stock as well. If interest rates were to keep surging for years to come, SO stock would likely underperform. Right now, though, that clearly is not the case. Exxon Mobil (XOM)Dividend Yield: 5%Speaking of things people use in good times and bad, gasoline ranks pretty high on the list. Sure there is a minor drop-off in consumption during recessions, as people take fewer road trips, for example, but in general, oil and gas is a safe haven business. And Exxon Mobil (NYSE:XOM) as the largest U.S. player is a true sleep-well-at-night stock.Source: Mike Mozart via Flickr (Modified)The combination of a fortress balance sheet, diversified operations and a storied dividend make XOM stock an excellent place to endure market storms. It may seem strange to call Exxon diversified. But what many investors don't realize is that much of big oil has spun off the other segments of their businesses.We saw a ton of refining and pipelines subsidiaries moved out of the parent companies into MLPs and other corporate entities. That is all well and good as far as shareholder value maximization goes. But Exxon's more diversified approach ensures that it remains solidly profitable even when the price of oil plummets, as it did in recent years.XOM stock is hardly the most exciting name in a high-growth market. But at 16.7 times earnings and paying a 5% dividend yield, it is a fine option for defensive investors. And buyers are still getting a fair value at this point.At the time of this writing, Ian Bezek owned DEO, CPB, PACW, NYCB and XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 6 Safe Dividend Stocks to Buy Now appeared first on InvestorPlace.
The most recent projections for the Atlantic Coast Pipeline call for the 600-mile project to be finished in late 2021 by the earliest and at a cost of $7.8 billion — if it finally gets clearance to start construction.
ATLANTA, Oct. 10, 2019 /PRNewswire/ -- Georgia Power was honored Saturday night with the 2019 Chairman's Circle Corporate Responsibility Award for its commitment in making a difference in the Atlanta community by the 100 Black Men of Atlanta, Inc. (the 100). The Chairman's Circle Corporate Responsibility Award recognizes organizations that have made a significant contribution to the wellbeing of communities and youth in Atlanta. The honor, which was presented during the organization's 100 Honors Gala in Atlanta, was given to Georgia Power for the company's long-time support of the 100 and commitment to improving communities across Atlanta and the state.
ATLANTA, Oct. 10, 2019 /PRNewswire/ -- Georgia Power announced today that for the sixth consecutive year it has joined with the nonprofit organization Voices for Georgia's Children, as well as other notable Georgia businesses, to support the ninth annual Georgia Pre-K Week across the state, Oct. 7-11. In 2018, Georgia Power employees read to more than 92 Pre-K classes and reached approximately 2,000 students as a part of Pre-K week. Georgia Power leaders also have the opportunity to tour the centers and read to students.
Is The Southern Company (NYSE:SO) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after […]