Back to the future for Citi’s energy, utilities stock coverage

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“For a quarter of choppy hub gas prices, the 4% revenue gain versus consensus is a pretty consistent result,” he told clients in his first take.

Citi announced a handful of other additions to the research team on Wednesday, which were made in the second half of last year.

Howard Penny, a former head of corporate finance for Fortress REIT Limited and ex-Macquarie and Morgan Stanley equity research and sales executive, joined as co-head of real estate industry coverage, while also ex-Credit Suisse analyst Will Park and former Ord Minnett associates Jack Dunn with his Australian small caps team.

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