AGL Investor Day: Performing Well but Long-Term Challenges Remain
AGL Energy's investor day highlighted the positive near-term outlook, with rising wholesale electricity prices boosting its generation earnings and supporting retail price increases. Current conditions are good and we upgrade our near-term earnings forecasts. Our fiscal 2017 earnings forecast now sits in the top half of unchanged guidance for underlying profit of AUD 720 to 800 million. We maintain our AUD 16.00 fair value estimate, and consider AGL Energy overvalued at current prices.Managemen...
AGL Energy is a renewable energy company, serving customers throughout eastern Australia. Co. has four segments: Energy Market, which sells electricity, natural gas, and energy related products and services to consumer market, business and wholesale customers, servicing approximately 3.7 million customer accounts as of June 30 2016; Group Operations, a diverse power generation portfolio; New Energy, which focuses on taking new and distributed technologies to market in Australia, including AGL Solar, and Distributed Energy Services such as Active Stream, its digital meter installation and data provider business; and Investment, which include investments in various energy related business.
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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