Increased Likelihood of Lower Returns in U.K. Lowers Our FVE for PPL
We are lowering PPL's fair value estimate to $35 per share from $37 after incorporating lower expected long-term returns in the U.K. We think recent developments have increased the likelihood that the deteriorating U.K. regulatory environment will lead to lower allowed returns for electricity distributors. We are reaffirming our narrow economic moat rating.PPL reported 2017 operating earnings of $2.25 per share compared with $2.45 in 2016, due mostly to management resetting its forward hedging ...
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.