Southern Co
SO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$59.00 | Hxpzzk | Fydfjzqng |
Southern Earnings: Weather Will Be a Headwind in 2023; Nuclear Units on Schedule
We are reaffirming our $68 fair value estimate for Southern after the company reported earning $0.79 per share on an adjusted basis during the first quarter of 2023, down from $0.97 the same quarter last year primarily due to milder weather. We are reaffirming our narrow moat and stable moat trend ratings.