Southern Co

SO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$85.00	Spmcsp	Kbfjyjtbt

Southern's Long-Term Earnings Growth Still on Track Despite Another Vogtle Delay

Travis Miller

Feb 16, 2023

We are reaffirming our $67 fair value estimate for Southern after the company reported earning $3.60 per share on an adjusted basis in 2022, up 5.6% from 2021. We are reaffirming our narrow moat and stable moat trend ratings.

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