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Southern Company and Duke Energy: Analysts’ Views

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Mar. 27 2019, Updated 8:24 a.m. ET

Analysts’ recommendations

Southern Company (SO) stock has a downside potential of almost 5% given analysts’ target price of $49.56. Currently, Southern Company is trading at $52.05. UBS increased Southern Company’s target price from $50.0 to $54.0 last week.

Among the 19 analysts tracking Southern Company, 12 recommended a “hold,” two recommended a “buy,” four recommended a “sell,” and one recommended a “strong sell” as of March 26.

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Duke Energy

Duke Energy (DUK) stock offers flattish movement for the next 12 months based on analysts’ median target price of $90.53. Currently, Duke Energy is trading at $90.77.

Among the 18 analysts tracking Duke Energy, one recommended a “strong buy,” three recommended a “buy,” 13 recommended a “hold,” and one recommended a “sell.” UBS raised Duke Energy’s target price from $100.0 to $105.0 last week.

Conclusion

The long dividend payment history and stable yield make Southern Company and Duke Energy’s dividend profiles attractive. Recently, the dividend growth has been disappointing. The dividend growth could get addressed due to the expected stable earnings growth for the next few years. Geopolitical issues could continue to influence broader market volatility, which might be a call for safe havens. The Fed has already signaled a pause in interest rate hikes for the rest of the year, which is positive for utilities (XLU).

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