2 Utilities And Energy Stocks Edging Up Today - AGL And SKI

  • Dec 17, 2018 AEDT
  • Team Kalkine
2 Utilities And Energy Stocks Edging Up Today - AGL And SKI
The changing technology is currently the biggest challenge which is faced by the utility sector, even using digital experiences to choose your energy retailer. However, people are optimistic about the transformation as companies are trying to adjust to digital-savvy customers. Here are two stocks in this sector: AGL ENERGY LIMITED (ASX: AGL) – The company’s statutory profit after tax was 1,587 million dollars which compare better with 539 million dollars in the 2017 financial year. This increase includes a post-tax gain on the fair value of financial instruments of 562 million dollars primarily due to movements in forwarding wholesale electricity prices. The underlying profit for the 2018 financial year was 1,023 million dollars, up by 28 percent last year. The total dividend for the year was 117 cents per share, franked at 80 percent after the final dividend of 63 cents per share was paid on 21 September 2018 and when added to the interim dividend of 54 cents per share. The increase is consistent with the increase in profit and AGL’s policy to pay out 75 percent of annual underlying profit after tax at a minimum franking level of 80 percent as a dividend. The results provided at the 2018 full year for the 2019 financial year; the company confirms the earnings outlook as within the range of 970 million dollars to 1,070 million dollars. The stock price surged up by 1.538% traded at $19.800. The company has witnessed a return of 6.85% in the last one-month period.  SPARK INFRASTRUCTURE GROUP (ASX: SKI) – The company has an A$6.0b regulatory asset base and a total of A$17b of total electricity network assets. The demand is rising, but the supply is falling. The company has a current revenue base of $1,291 million and EBITDA of $644 million which resulted in the profit after tax of $222 million for the year ending 2017. The company’s demand from its customer continue to be stable and predictable, and it had cash flows from regulated revenue streams. Held by the Issuer since inception strong credit metrics support Standard & Poor’s A- credit rating. It had FFO/net senior debt ratio of 17.1% and net senior debt/ total capitalization of 49.0%. The company has delivered 6.9% operating cash flow growth in HY 2018, and forecast DPS growth of 4.9% to 16.0 cps in FY 2018 and has a strong cash yield of 6.6%. There was a positive change in revenue by 5.7% to $563.5 million in HY 2018 and EBITDA of $420.2 million in HY 18 which is an increase of 7.6%. The stock price surged up by 1.322% traded at $2.300. The company has witnessed a return of 47.02% in the last sixty months period.


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