Southern continues construction of the only new nuclear plant in the U.S.
We are reaffirming our $51 fair value estimate and stable, narrow moat rating for Southern Co. after the company reported strong 2017 adjusted earnings per share of $3.02, $0.06 higher than our estimate and the consensus estimate. Southern initiated a modestly disappointing 2018 adjusted EPS guidance range of $2.80-$2.95, well below our $3.00 estimate.Tax reform and other one-time events are more than offsetting $0.15 EPS growth from Southern’s regulated businesses, but we are confident that t...
Southern is a holding company. Through its subsidiaries, Alabama Power Company, Georgia Power Company, and Mississippi Power Company, the company is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service in Alabama, Georgia, and Mississippi. The company's Southern Power Company subsidiary develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The company's Southern Company Gas subsidiary is an energy services holding company whose primary business is the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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