Bell Potter just initiated coverage on this ASX utilities stock with a buy recommendation

MotleyFool04:37

ASX utilities stock Rivco Australia Ltd (ASX: RIV) is in focus today. The team at Bell Potter have just initiated coverage on it, with a positive outlook. Image source: Getty Images Company overview ...

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The team at Bell Potter have just initiated coverage on it, with a positive outlook. \nImage source: Getty Images\nCompany overview\n...</p>\n\n<a href=\"https://www.fool.com.au/2026/03/17/bell-potter-just-initiated-coverage-on-this-asx-utilities-stock-with-a-buy-recommendation/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bell Potter just initiated coverage on this ASX utilities stock with a buy recommendation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBell Potter just initiated coverage on this ASX utilities stock with a buy recommendation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-17 04:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2026/03/17/bell-potter-just-initiated-coverage-on-this-asx-utilities-stock-with-a-buy-recommendation/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX utilities stock Rivco Australia Ltd (ASX: RIV) is in focus today. The team at Bell Potter have just initiated coverage on it, with a positive outlook. \nImage source: Getty Images\nCompany overview\n...</p>\n\n<a href=\"https://www.fool.com.au/2026/03/17/bell-potter-just-initiated-coverage-on-this-asx-utilities-stock-with-a-buy-recommendation/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.fool.com.au/2026/03/17/bell-potter-just-initiated-coverage-on-this-asx-utilities-stock-with-a-buy-recommendation/","article_id":"2620649147","we_media_id":null,"thumbnails":[],"rights":{"source":"motleyfoolau_stock","url":"https://www.fool.com.au/2026/03/17/bell-potter-just-initiated-coverage-on-this-asx-utilities-stock-with-a-buy-recommendation/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2620649147","pubTimestamp":1773693446,"columns":[],"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"ASX utilities stock Rivco Australia Ltd  is in focus today. The team at Bell Potter have just initiated coverage on it, with a positive outlook.Rivco Australia is provides investors with exposure to the Australian water market.Leasing its water entitlements to farmers and others .In the last 12 months, this ASX utilities stock has risen almost 11%.This has slightly outperformed the S&P/ASX 200 Index  which is up just over 9% in that same span.In a report from Bell Potter yesterday, the broker said over the past decade Southern Murray–Darling Basin entitlements have delivered average annual cash yields of 3.5% p.a. It has also delivered capital returns of 10.0-12.0% p.a. with periods of outperformance tied to permanent cropping development.Bell Potter has initiated coverage on this ASX utilities stock with a buy recommendation, along with a price target of $1.65.At the asset level, we see the shift in aligning future dividends with operating earnings as potentially moving group strategy","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","BK4588":"碎股","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","GL":"Globe Life Inc.","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","BK4162":"人寿与健康保险","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","RIV.AU":"RIVCO AUSTRALIA LIMITED","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","BK4559":"巴菲特持仓","SG9999014039.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","BK7100":"水公用事业","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC"},"translate_title":"贝尔波特刚刚开始对这只澳大利亚证券交易所公用事业股票进行买入建议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GL":1,"XJO.AU":1,"RIV.AU":1},"content_text":"ASX utilities stock Rivco Australia Ltd (ASX: RIV) is in focus today. The team at Bell Potter have just initiated coverage on it, with a positive outlook. \nImage source: Getty Images\nCompany overview\nRivco Australia is provides investors with exposure to the Australian water market.\nAs of February 2026, Rivco owns 58.8 gigalitres (GL) of water entitlements. These assets are worth about $1.79 per share before tax (or $1.62 per share after tax). Around 80% of the portfolio value is in high-security water rights, mainly located in the Southern connected Murray–Darling Basin.\nRivco makes money in three main ways:\n\nLeasing its water entitlements to farmers and others (about 53% of its portfolio is currently leased, with an average lease length of 3.2 years).\nSelling extra yearly water allocations in the spot market.\nSelling water entitlements if their market value rises above what Rivco paid for them.\n\nIt has recently moved to an internal management structure, which should reduce operating costs and management fees going forward.\nIn the last 12 months, this ASX utilities stock has risen almost 11%. \nThis has slightly outperformed the S&P/ASX 200 Index (ASX: XJO) which is up just over 9% in that same span. \nWhy this ASX utilities stock is an attractive buy\nIn a report from Bell Potter yesterday, the broker said over the past decade Southern Murray–Darling Basin entitlements have delivered average annual cash yields of 3.5% p.a. It has also delivered capital returns of 10.0-12.0% p.a. with periods of outperformance tied to permanent cropping development. \nThe broker said over the past five years capital returns have been more modest, however, a period of Government buybacks (~160GL over 5yrs and 230GL slatted for purchase) and modest expansion in tree nut planting (+1.3% p.a.) may trigger a return to higher levels of capital growth.\nBuy recommendation\nBell Potter has initiated coverage on this ASX utilities stock with a buy recommendation, along with a price target of $1.65. \nFrom yesterday's closing price of $1.50, that indicates 10% upside. \n\nRIV enters FY26 with the highest level of contracted revenue and available allocation in five years supporting a positive near term earnings outlook. In addition, with rising lease rates (+40bp YoY and 5-6% implied yields in current market offers) we see the scope to lift the portfolio return as leasing and re-leasing opportunities emerge (which should emerge as a theme from 2H28e). \nAt the asset level, we see the shift in aligning future dividends with operating earnings as potentially moving group strategy to sustain and grow the asset base.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620649147","isCrawlerRequest":true}