Iberdrola S.A.

Iberdrola is a holding company. Through its subsidiaries, Co. operates in four segments: network business, which includes all the energy transmission and distribution activities, and other regulated activity originated in Spain, the U.K., the U.S. and Brazil; deregulated business, which includes electricity generation and sales businesses as well as gas trading and storage businesses carried on by Co. in Spain, Portugal, the U.K. and North America; renewable business, with activities related to renewable energies in Spain, the U.K., the U.S. and the rest of the world; and other businesses, including the engineering and construction businesses and the non-power businesses.
  • TickerIBE
  • ISINES0144580Y14
  • ExchangeMadrid Stock Exchange
  • SectorElectricity
  • CountrySpain

Analysts

1 director sold

A director at Iberdrola Sa sold 120,000 shares at 9.230EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

IBERDROLA SA is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of IBERDROLA SA (ES), active in the Conventional Electricity industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date September 10, 2019, the closing price was EUR 9.20 and its potential was estimated at EU...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 28 AUGUST TO 04 SEPTEMBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio Allianz, AB Inbev, Safran, Vinci & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio Caixabank, Cellnex, Ferrovial, Inditex & Telefónica No changes this week. 5 High-Yield Stock Portfolio Colonial, Iberdrola, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Catalana Occidente, Colonial, Dominion, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 28 AGOSTO A 04 SEPTIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Allianz, AB Inbev, Safran, Vinci y Vivendi. Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España Caixabank, Cellnex, Ferrovial, Inditex y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Colonial, Iberdrola, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Applus, CAF, Catalana Occidente, Colonial, Dominion, Indra, Logista, Masmóvil, Sacyr y Unicaja Sin cambios esta semana.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Nadège Tillier

Coffee, Croissants & Credit/Iberdrola and Utilities green bonds

Iberdrola completes stake disposal in offshore East Anglia. Credit neutral. We prefer Naturgy's mid-curve. Utilities green bonds: there is more to green bonds than just a marketing tool

Iberdrola S.A.: Key Facts and Statistics - FYE December 2018

A summary company profile, detailing Iberdrola SA’s business operations and financial highlights.

Iberdrola S.A.: Update to credit analysis

Our credit view of Iberdrola, reflecting the benefits from its scale, diversified business mix and solid financial profile.

Iberdrola S.A.: Update to credit analysis

Our credit view of Iberdrola, reflecting the benefits from its scale, diversified business mix and solid financial profile.

Iberdrola S.A.: Key Facts and Statistics - FY Dec 2017

A summary company profile, detailing Iberdrola SA’s business operations and financial highlights.

ENEL S.p.A., Iberdrola S.A: Iberdrola's improved offer for Eletropaulo underlines appeal of Brazil

Comment on Enel/Iberdrola bids for Eletropaulo

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 28 AUGUST TO 04 SEPTEMBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio No changes this week. European High Yield Portfolio Allianz, AB Inbev, Safran, Vinci & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio Caixabank, Cellnex, Ferrovial, Inditex & Telefónica No changes this week. 5 High-Yield Stock Portfolio Colonial, Iberdrola, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Catalana Occidente, Colonial, Dominion, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 28 AGOSTO A 04 SEPTIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Allianz, AB Inbev, Safran, Vinci y Vivendi. Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España Caixabank, Cellnex, Ferrovial, Inditex y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Colonial, Iberdrola, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Applus, CAF, Catalana Occidente, Colonial, Dominion, Indra, Logista, Masmóvil, Sacyr y Unicaja Sin cambios esta semana.

Research Department

IBERIAN DAILY 27 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: IBERDROLA, OHL. MARKETS YESTERDAY AND TODAY Stock markets maintain confidence in Trump D. Trump’s more optimistic message on the possibility of coming to an agreement with China led stock markets to rally worldwide despite a spokesperson for the Chinese government denying a phone call to resume conversations. Within the Euro STOXX, the best-performing sectors were Banks and Autos vs. the drops in Real Estate and Retail. On the macro side, the G-7 summit ended with a compromise between the US and France on the Google tax meaning that the impact from this tax on US companies wi...

Research Department

IBERIAN DAILY 12 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: IBERDROLA, MÁSMOVIL. MARKETS YESTERDAY AND TODAY Moderate drops with low volumes awaiting catalysts European markets continued to see small drops, with lower volumes (in view of the lack of newsflow) over the entire session. In the Euro Stoxx, Pharma (again boosted by Bayer, this time due to the expected agreement on Glyphosate) and Real Estate were the only sectors to close with gains, whereas cyclical sectors, once again led by Basic Materials and Autos, along with Banks (dragged down by the Italian banks after the risk premium shot up due to the breakup of the coalition go...

Research Department

INFORME DIARIO 12 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: IBERDROLA, MÁSMÓVIL. EUROPA: BAYER. Caídas moderadas con poco volumen a la espera de acontecimientos Las bolsas europeas se mantuvieron con pérdidas moderadas y ya con menos volumen (ante la ausencia de noticas) durante toda la sesión. En el Euro STOXX Farma (nuevamente impulsado por Bayer, esta vez ante la expectativa de acuerdo sobre el Glifosato) e Inmobiliario fueron los únicos sectores en cerrar en positivo, mientras que los cíclicos, liderados nuevamente por R. Básicos y Autos, junto con Bancos (lastrados por los italianos ante el repunte d...

1 director sold

A director at Iberdrola Sa sold 120,000 shares at 9.230EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Ahmed Ben Salem ...
  • Alain William
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Manuel Martin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/07/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/26/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/04/2019

...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/27/2019

This is the thirteenth update of our report on Corporate Governance large caps Europe. We have analysed 125 of the European companies covered by ODDO BHF analysts. In the Strong opportunities (1), we favour five stocks: Unibail Rodamco (Buy, target price € 190.0), AXA (Buy, target price € 28.0), Veolia (Buy, target price € 30.0), Danone (Buy, target price € 81.0) and Michelin (Buy, target price € 130.0). - Cf. report published today. - ...

Alain William ...
  • Antoine Boivin-Champeaux
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Louis Boujard
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/02/2019

13ème mise à jour de notre étude Corporate Governance Large caps Europe. Nous avons étudié 125 valeurs, toutes suivies par les analystes d’Oddo BHF. Nous privilégions 5 valeurs dans les opportunités fortes : Unibail Rodamco (Achat, OC 190.0 €), AXA (Achat, OC 28.0 €), Veolia (Achat, 30.0 €), Danone (Achat, 81.0 €) et Michelin (Achat, 130.0 €). Cf. étude publiée ce matin. - ...

IBERDROLA SA is slightly downgraded to Slightly Positive due to an increasingly adverse environment

The independent financial analyst theScreener just slightly lowered the general evaluation of IBERDROLA SA (ES), active in the Conventional Electricity industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date September 10, 2019, the closing price was EUR 9.20 and its potential was estimated at EU...

Iberdrola

Iberdrola

Iberdrola

Iberdrola

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Nadège Tillier

Coffee, Croissants & Credit/Iberdrola and Utilities green bonds

Iberdrola completes stake disposal in offshore East Anglia. Credit neutral. We prefer Naturgy's mid-curve. Utilities green bonds: there is more to green bonds than just a marketing tool

ING
Nadège Tillier

Utilities green bonds/There is more to green bonds than just a marketing tool

With c.€19bn of green bonds issued in the first eight months of 2019, utilities are set to break their record of €21bn issuance for the full year of 2017. A number of utilities celebrated their first green instrument in 2019: A2A, EDP, E.ON and Vattenfall. A number of utilities returned to the green bond market: Duke Energy, Engie, EnBW, Enel, Hera, Iberdrola, MidAmerican Energy and Orsted. Since 2014, utilities across the globe have issued c.€77bn and have been the most active corporate sector. This makes sense when we know that the Energy sector is responsible for the largest part of the gre...

ING
Nadège Tillier

European utilities/Dry 2019 to be followed by a flood of supply

2019 will be one of the lowest years of bond supply in Euro for the IG utilities sector. As of today, there is almost nothing left to refinance this year. We would expect EUR bond issuance from Utilities to reach c.€29bn in 2019 (excluding potential US names) vs €34bn in 2018 and €44bn in 2017. The coming years offer a different picture though. From 2020 onwards, higher redemptions and capital expenditure should result in an abundance of bond supply. Redemptions will steadily pick up in the next three years. On top of this, a large number of utilities have announced ambitious capital expenditu...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Telecom Italia, Vodafone, Iberdrola, EDP and Vattenfall

Telecom Italia and Vodafone to sign final tower deal by summer

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Ahold Delhaize, NIBC, Vodafone, AT&T, Iberdrola, A2A and Suez

Ahold Delhaize (ADNA) released its full 4Q18 and FY18 earnings report this morning, having already issued a trading statement on 23 January. Underlying operating income for the full year reached €2,554m, up from €2,456m in FY17 and a touch ahead of company compiled consensus. The underlying operating margin advanced from 3.9% to 4.1%. Ahold Delhaize enjoyed a solid final quarter, in which underlying operating profit grew to €691m (cons: €675m, 4Q17: €631m).

Javier Esteban

ELECTRICITY/GAS SECTOR: CIRCULAR LETTERS FROM THE CNMC (ANÁLISIS BANCO SABADELL)

ELECTRICITY/GAS SECTOR: CIRCULAR LETTERS FROM THE CNMC (ANÁLISIS BANCO SABADELL)

Javier Esteban

SECTOR ELECTRICIDAD Y GAS: CIRCULARES DE CNMC (ANÁLISIS BANCO SABADELL)

SECTOR ELECTRICIDAD Y GAS: CIRCULARES DE CNMC (ANÁLISIS BANCO SABADELL)

MarketLine Department

Fomento de Construcciones y Contratas S.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Fomento de Construcciones y Contratas S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Fomento de Construcciones y Contratas S.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organ...

Expert Corporate Governance Service (ECGS)

Iberdrola, March 29 2019

In item 5, the Board proposes several amendments to the Bylaws to formalize Iberdrola's commitment to the Sustainable Development Goals approved by the United Nations ("SDGs"). The proposed amendments are in line with Iberdrola's General Sustainable Development Policy and the strategic pillars under its 2018-2022 Plan. We commend the Company for its commitment to sustainable value creation, awareness of social impact and engagement with all stakeholders. Hence, we recommend approval. In item 11, shareholders are called to an advisory vote on the Annual Director Remuneration Report. The qualit...

Iberdrola – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 14/04/2018

Pursuant to Spanish legislation, the remuneration policy for the members of the Board of Directors must be subject to a binding shareholders' vote once every 3 years. As three years elapsed from the last vote on the policy of Iberdrola (2015 AGM),shareholders are called to approve the policy for the 2018-2020 period (item 11). No significant changes are proposed to the policy approved in 2015. We have serious concerns over the remuneration of non-executive Directors, which is very high (on average € 370'286 in 2017, and € 517'000 to the LID) and includestermination benefits capped at 180% the...

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 FEBRERO A 06 MARZO 2019 (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 27 FEBRERO A 06 MARZO 2019 (ANÁLISIS BANCO SABADELL)

Jérôme VINERIER

Analyse court terme - IBERDROLA : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 5,900 €.

Jérôme VINERIER

Short term view - IBERDROLA : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €5.900.

Jérôme VINERIER

Short term view - IBERDROLA : Falling prices.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €5.900.

Jérôme VINERIER

Analyse court terme - IBERDROLA : Les cours baissent.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 5,900 €.

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