Engie's return to organic growth is a turning point for the company.
Engie published nine-month results in line with consensus expectations. The group reiterated guidance for 2017 recurring net income of around EUR 2.5 billion, despite indicating it will come in at the bottom end of its EUR 9.3 billion-EUR 9.9 billion EBITDA target range due to lower hydro and nuke volumes. Engie also announced the sale of its upstream and midstream LNG activities at a price above our expectations. We will update our model to take into account the change of perimeter from recent ...Engie is an industrial group, based in France, active in the fields of gas, electricity, energy services and the environment. Co. is an energy provider across the entire energy chain, in electricity and in natural gas, including: purchase, production and commercialization of natural gas and electricity; transport, distribution, management and development of major natural gas infrastructures; design and commercialization of energy services and environment-related services. Co.'s activities are conducted through five segments: Energy Europe, Energy International, Global Gas and LNG, Infrastructures, and Energy Services.
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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