How Are These Utility Stocks Performing This Year – PEA, AST

Let’s have a closer look at the year-to-date (YTD) performance of two stocks, PEA and AST.

1. Pacific Energy Limited (ASX: PEA) is an ASX listed energy company based in Australia. It owns and operates over 40 power stations, having a combined power generation capacity of approximately 400MW. The resources utilised by these power stations are diesel, gas, dual fuel or water.

In the recent H1 FY19 results, the company posted revenue of $47.7 million, and EBITDA stood at $32.75 million. The net profit after tax (NPAT) was reported at $14.16 million with earnings per share (eps) increasing from 2.16 cents per share (cps) to 3.3 cents per share compared to pcp. On the balance sheet front, the total assets stood at $301.8 million, and total liabilities were reported at $115.7 million.

On 6th May 2019, the company announced that through its wholly-owned subsidiary, Kalgoorlie Power Systems, it has secured up to 6MW expansion under its existing contract with Anglo Gold Ashanti Australia Ltd. This increased power would be directed towards Boston Shaker underground project. Recently, a 2MW capacity expansion contract was secured with other customers, and a new 5MW Juardi power station is soon to be commissioned.

The market capitalisation of the company is A$268.81 million. The 52-week high and low of the stock is A$0.67 and A$0.50 respectively. The stock made an intraday high of A$0.62 and closed at A$0.610, as of 10^th May 2019. In the last one year, the stock has delivered a return of 16.82%, and the YTD return stands at 9.65%.

2. AusNet Services Limited (ASX: AST) is an ASX listed energy company based in Melbourne, Australia. It's gas network and electricity assets are worth approximately $11 billion and cater to more than 1.4 million customers. The company employs more than 1,900 people to provide services to 690,000 gas and 720,000 electricity customers.

In the recent H1 FY19 report, the company posted total revenue of A$995.8 million and EBITDA of A$631.6 million. The net profit after tax stood at A$181.5 million. At the end of the period, the company had net assets of $12.4 billion and net debt of $7.3 billion. The company also reported a dividend of 4.86 cents per share.

According to the recent “change of director’s interest notice” released by the company, Alan Chan Heng Loon, Non-executive Director of AusNet had acquired 1,568 ordinary shares with direct interest on 20th December 2018. The shares were acquired at $1.55 per share for a total value of $2,430.4. Prior to the transaction, Mr Alan Chan had a total of 50,000 shares which increased to 51,568 after this transaction.

The market capitalisation of the company is A$6.65 billion. The 52-week high and low of the stock is A$1.857 and A$1.505 respectively. The stock made an intraday high of A$1.857 and closed at A$1.855, as of 10^th May 2019. In the last one year, the stock has delivered a return of 4.00%, and the YTD return stands at 18.18%.

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