reports
- Andrew Bischof
- CFA
United Utilities Reports Solid First-Half Results
We are reaffirming our GBX 850 per share fair value estimate ($21 per ADR share), along with our narrow economic moat and stable moat trend ratings for United Utilities Group after management reported first-half operating profit of GBP 304 million compared with GBP 278 million in the same year-ago period. The company increased the interim dividend per ordinary share 1.1%, in line with management's goal of increasing the dividend in line with the U.K. retail price index. Management continues to ...
- Andrew Bischof
- CFA
United Utilities On Track to Meet Full-Year Targets
We are reaffirming our GBX 850 per share fair value estimate ($21 per ADR share), along with our narrow economic moat and stable moat trend ratings for United Utilities Group after management affirmed that first-half results were in line with expectations. Detailed results will be released at the end of November. The company is on track to increase its annual dividend by at least the retail price index, or roughly 2%, in line with our expectations. Entering into a new regulatory period, we expec...
- Andrew Bischof
- CFA
Regulated investments support the firm's narrow moat.
We are reaffirming our GBX 850 per share fair value estimate ($26 per ADR share), narrow economic moat, and stable moat trend ratings after United Utilities Group reported fiscal year 2016 operating profit of GBP 604.1 million, compared with GBP 664.3 million last fiscal year and in line with our expectations. In the fiscal year, the company paid a GBX 38.45 per share dividend, in line with management's annual dividend growth target of at least retail price index, and up 2% from the last fiscal ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.