Defensive earnings and moderate gearing position AGL well within Australia's retail energy market.
We retain our AGL Energy AUD 16 per share fair value estimate following the outlook commentary and on-market share buyback announced at the 2016 annual general meeting. Management is guiding for fiscal 2017 underlying net profit after tax, or NPAT, of AUD 720 million-AUD 800 million, which is 3%-14% up on fiscal 2016. We forecast earnings towards the bottom of the guided range. AGL expects the main drivers of fiscal 2017 underlying profit growth to be: improved wholesale electricity margins; exe...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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