Southern Co
SO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$62.00 | Zdxnlm | Hmnyfbkj |
Southern Co.: Vogtle Rate Increase Should Boost Cash Flow by Midyear
We are reaffirming our $69 fair value estimate for Southern Co. after incorporating a ruling from Georgia regulators that will allow the company's Georgia Power subsidiary to raise customer rates $729 million annualized as soon as the Vogtle nuclear plant Unit 4 enters service, likely as soon as March. We are also reaffirming our narrow moat rating.