Southern Company ... Image source: Getty Images. Not only did the project face massive cost overruns, but it was also long delayed. At one point the company's primary contractor (Westinghouse ...

Southern Company stock is down 3% over the past year versus a 12% decline for the average utility. The business is benefiting now that a big capital investment project is nearing completion.

Southern Company (NYSE: SO) has a market-beating yield of 3.5% and, as one of the largest utilities in the United States, is viewed as a safe haven investment. However, the stock is up 47% over ...