Contact Energy has a high-quality portfolio of generation assets
We have increased Contact Energy's fair value estimate by 3% to NZD 6.00 per share (AUD 5.60) on modest forecast upgrades and changed our fair value uncertainty rating from high to medium after reassessing risks. There is no change to the firm's narrow moat rating, underpinned by its low-cost hydro and geothermal electricity generation. While its retail business benefits from cost advantages stemming from vertical integration and scale, we don't consider energy retailing to have sustainable comp...Contact Energy sell electricity, gas and liquefied petroleum gas (LPG) products and services to residential, small business, commercial and industrial customers. Co. has two operating segments: Integrated Energy, which is a generator of electricity and a purchaser and retailer of electricity and natural gas to customers throughout New Zealand; as well as Other, which consists of other products and services provided by Co., which includes the sale of LPG.
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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