Origin Energy Sees Potential Dividend Upside

Dow Jones
Aug 03

0119 GMT - Origin Energy's bull at UBS thinks the Australian power retailer's update has lowered risks around next month's annual result announcement. With an unchanged buy rating on the stock, analyst Tom Allen tells clients in a note that the A$911 million of liquefied natural gas dividends that Origin received in the 12 months through June was about A$110 million more than the consensus forecast. He sees potential for Origin to beat expectations for its final dividend. Looking ahead to fiscal 2027, Allen says that LNG production guidance was in line with expectations, while expense guidance was slightly lower. He reckons this could point to positive risks for fiscal 2027 dividends. UBS raises its target price by 0.4% to 13.45 Australian dollars. Shares are up 1.6% at A$10.93.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10