Previous Close | 18.17 |
Open | 18.23 |
Bid | 17.88 x 0 |
Ask | 18.62 x 0 |
Day's Range | 18.22 - 18.26 |
52 Week Range | 14.10 - 21.06 |
Volume | |
Avg. Volume | 434,800 |
Market Cap | 19.325B |
Beta (5Y Monthly) | 0.61 |
PE Ratio (TTM) | 12.68 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 1.87 (10.20%) |
Ex-Dividend Date | Jun 29, 2022 |
1y Target Est | N/A |
By Scott Kanowsky
Spanish power utility Endesa on Wednesday said it expects higher profits than previously this year but high inflation and a new windfall tax in Spain will weigh on its profitability in the following years. Power utilities have seen their profitability increase in Spain as power and gas prices, boosted by crises in the energy market in Europe, rose faster than costs, although the government has announced a new tax on the sector to finance subsidies. Endesa's parent company, Enel, and other power utilities have said they would challenge the tax in courts.
Italian utility Enel is ready to support its Spanish unit Endesa with a credit line and guarantees worth in aggregate up to 5 billion euros ($5.2 billion) to help it cope with highly volatile energy markets, documents showed. Documents published by the Spanish group for a shareholder meeting on Thursday that will vote on the issue showed that Enel was set to provide up to 3 billion euros via a 12-month credit line and up to 2 billion euros in guarantees. Endesa will pay an interest of 87 basis points over the Euribor rate for the credit line.