5 Most Profitable Utility Stocks Now

2. The Southern Company (NYSE:SO)

Net Income (TTM) as of September 30, 2022: $3.411 billion

The Southern Company (NYSE:SO) is a leading utility that’s one of the largest producers of electricity in the United States and also the largest wholesale provider of electricity in the Southeast. Furthermore, The Southern Company (NYSE:SO) provides natural gas, fiber optics and wireless communications in its other businesses. For the trailing twelve months ended September 30, 2022, The Southern Company (NYSE:SO) had net income of $3.411 billion, which more than covers the company’s annual dividend of $2.72 per share currently. Given increasing earnings, the company has raised its annual dividend for 21 consecutive years.