The need to balance the cash equation will weigh on earnings and dividend growth.
We are reducing our fair value estimate for SSE to GBX 1,470 per share from GBX 1,580, owing to more cautious EBIT estimates, chiefly because of retail supply activity. We reaffirm our narrow moat and stable trend ratings. Shares look slightly undervalued.ÂWe reaffirm our narrow moat rating. The company's regulated networks have historically earned at or near their allowed returns, and we expect this to continue under the new tariff regime starting in 2021 for transmission networks and in 2023 ...
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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