Southern Co

SO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$97.00	Svkjtcg	Szzpfqnh

Southern Earnings: Weather Hurts Earnings, but Nuclear Startup a Milestone

Travis Miller

Aug 4, 2023

We are reaffirming our $68 fair value estimate for Southern after the company reported earning $0.69 per share on an adjusted basis during the second quarter of 2023, down from $1.07 in the same quarter last year, primarily because of milder weather. We are reaffirming our narrow moat rating.

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