ORG has advanced ~18% this year, rewarding investors with capital gain and a fully franked yield well above 5%. However, ORG has struggled since missing expectations with its FY24 result in August, including forward guidance, which was weaker than hoped. The current dividend is healthy, but we expect a flatter dividend outlook from here, as opposed to the growth we expect by AGL over the coming years.
- We like ORG around the $10 area but prefer AGL in the utilities sector.
MM is cautiously bullish ORG
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