Southern Co
SO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$85.00 | Bfcbgp | Rkcgsqhxrj |
Southern Announces Leadership Transition Plan; Womack Replacing CEO Fanning
We are reaffirming our outlook for Southern Company after the company announced that longtime Southern executive Chris Womack will succeed CEO and president Tom Fanning in March. We’ve been anticipating this announcement since Bloomberg published a report in August suggesting Fanning planned to retire soon. We are reaffirming our narrow moat and stable moat trend ratings.