Report

Jersey Electricity - Continuing dividend growth forecast

Jersey Electricity’s (JEL) strong financial position and forecast cash flow should underpin 5% per year growth in the dividend per share. Although JEL faces wholesale cost rises, lower unit demand and a fluid regulatory situation, we believe that, given its strong position on pricing and service standards, it is well positioned to withstand these pressures. Our latest valuation analysis indicates increased upside potential from current levels.
Underlying
Jersey Electricity PLC

Jersey Electricity is the sole supplier of electricity in Jersey. Co. is involved in the generation and distribution of electricity and jointly operates the Channel Islands Electricity Grid System with Guernsey Electricity Limited importing power for both islands. Co. also engages in retailing, property management, building services and has other business interests, including software development and consulting. Co.'s business segments are: energy; building services; retail; property; as well as other segments, which includes Co.'s Jersey Energy, Jendev and Jersey Deep Freeze Limited business units.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Graeme Moyse

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