SSE Reiterates Its Dividend Targets and Slightly Raises Its 2017-18 Adjusted EPS Target
We reiterate our narrow moat and stable moat trend ratings, along with our fair value estimate of GBX 1,470, after SSE released its trading statement for the third quarter of its 2017-18 fiscal year. We should slightly raise our 2017-18 forecasts on account of solid underlying business performance over the first nine months. Still, our long-term earnings estimates and valuation will be unaffected. The firm's shares are undervalued.The group reiterated its target of a dividend increase at least ...
SSE is engaged in producing, generating, distributing and supplying electricity and gas, as well as other energy-related services, across the U.K. and Ireland. Co. has three principal business areas: Wholesale, which uses turbines to convert energy from gas, oil, coal, water and wind to generate electricity, trading in wholesale energy markets, and managing energy contracts; Networks, which transmits and distributes electricity and gas to homes and workplaces; and Retail, which supplies electricity and gas and related services to households and organizations.
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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