08/02/2024 16:50

AGL Energy (AGL) $8.80

AGL +10.28%: the energy & gas company posted a strong first half result today, coming in well ahead of expectations coupled with an increase to guidance for the full year. EBITDA of $1.07b was up more than 75% on 1H23 and a 12% beat to expectations, while the 26cps interim dividend was also a 13% beat.

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02/02/2024 16:47

AGL Energy (AGL) $8.17

AGL -4.33%: Hit today after Macquarie downgraded them to hold, but with a big amendment to their price target. There have been a few questions this week on broker moves, and today AGL provides a good case in point. For subscribers. Ian Myles, the analyst at MQG that has pushed through the downgrade is the No 1 rated analyst on the stock, so his calls hold more weight than others.

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18/12/2023 09:02

Active Income Portfolio – Amendment

We are using recent weakness to top up our existing holding in AGL Energy (AGL).

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13/12/2023 09:25

AGL Energy (AGL) $9.60

We currently have a 3% weighting in AGL Energy within the Income Portfolio, which we have been looking to increase as the stock pulled back below $10. While we originally bought AGL at $6.96, with the current position showing a paper profit of 41% since February, there are not many companies on the ASX that will likely more than double earnings in FY24 vs FY23, trading on a single-digit PE, while paying a near 5% forecasted yield.

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29/11/2023 09:21

AGL Energy (AGL) $9.80

AGL has dipped back below $10 this week having hit a high of $12.45 at the start of August. Most of the attention in the space has been focused on Origin Energy (ORG) as the tussle between potential acquirer Brookfield and major shareholder AusSuper continues to fill the papers. AusSuper is digging its heels in, essentially looking long-term around valuation and using that lens, they believe Brookfield’s bid undervalues the ORG assets.

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27/10/2023 09:02

AGL Energy (AGL) $10.75

AGL rallied +2.4% on Thursday as the stock started to consolidate after correcting ~19%. AGL is well positioned to execute its strategy towards renewable energy, and although there is some risk that pricing dynamics could change, the stocks forecasted ~4.4% yield over the next 12 months will make it easier to adopt a patient approach.

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10/08/2023 17:15

AGL Energy (AGL) $11.22

AGL -3.11%: The first inline result for ages from AGL and it was initially taken favourably by the market with the stock up 1.5% before the conference call started at 11am, before it was sold off to finish down on the day.

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02/08/2023 09:22

AGL Energy (AGL) $12.28

AGL has been the best-performing stock in the Market Matters Income Portfolio since its inception in 2017 with an aggregate gain of 138.64% achieved via three separate trades starting in November 21. Originally bought at $5.35, it was sold at $8.38 7 months later, acquired again at $6.83 in Sep 22 before selling out in Dec 22 at $8.07.

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19/07/2023 09:18

AGL Energy (AGL) $11.80

JP Morgan upgraded AGL Energy (AGL) yesterday from a hold equivalent ($11.20 target) to a buy-equivalent and 12-month target of $14.30, making their analyst, Mark Busuttil, the most bullish on the street. The stock has done phenomenally well this year up 46.22% outpacing even MM’s expectations.

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07/07/2023 09:27

Energy Special – BUY HOLD SELL

Lead Portfolio Manager James Gerrish discussed the Energy Sector more broadly last week on Livewire markets. Joe Wright from Airlie covers Santos (STO) as their No 1 pick in the energy space.

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