Seeking Alpha Seeking Alpha Portfolio App for iPad  Southern
Company (SO) remains an excellent holding for conservative
income portfolios. Its financial success supports owning shares
and accumulating additional shares via a dividend reinvestment
plan. I believe the stock is a buy up to $46 per share. The
stock currently offers a compelling 4.4% yield.  Click to
enlarge images.  Quarterly Update:  For its third quarter ended
Sept. 30, 2012, on a consolidated basis, Southern had retail
revenue of $4.4 billion (86.7% of total revenue) and wholesale
revenue of $497 million (9.8% of total revenue). Total revenue,
including smaller revenue sources, was $5 billion, down 7% from
$5.4 billion in the year-ago quarter.  SO Dividend Chart
Revenue was down across each line item, as shown in the table
below. Revenue was down primarily due to a slackening of demand
across all segments, with a 7.2% drop in residential demand and
a 2.4% drop in commercial demand. Revenue drops were attributed
to milder weather, economic wea