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

Iberdrola Sa: 1 director sold

A director at Iberdrola Sa sold 10,000 shares at 9.210EUR and the significance rating of the trade was 57/100. 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 me...

Research Department

IBERIAN DAILY 15 JANUARY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACS, ALMIRALL, ELECTRICITY AND TELECOMMUNICATIONS SECTOR, IBERDROLA, LAR ESPAÑA, SIEMENS GAMESA. MARKETS YESTERDAY AND TODAY The results campaign kicks off in the US Stock markets ended with slight losses before the signing of Phase I of the US-China trade agreement, which according to Reuters would include an increase in Chinese imports over the next 2 years (an additional US$ 80 Bn in manufacturing, US$ 50 Bn in energy, US$ 32 Bn in agriculture and US$ 35 Bn in services). In the Euro Stoxx, the best-performing sectors were Consumer Goods and Industrials vs. Basic Materials...

Research Department

INFORME DIARIO 15 ENERO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, ALMIRALL, IBERDROLA, LAR, SIEMENS-GAMESA. EUROPA: SIEMENS Arranca la temporada de resultados en EE.UU. Las bolsas terminaron con leves caídas antes de la firma de la Fase I del acuerdo comercial. En el Euro STOXX los mejores sectores fueron C. Personal e Industriales frente a R. Básicos y Seguros que cerraron con las mayores pérdidas. Por el lado macro, en la Eurozona Y. Mersch reconoció las señales de estabilización de la economía. En R. Unido, B. Johnson espera un acuerdo comercial integral con la UE para finales de año y descartó un nuevo ...

Research Department

INFORME DIARIO 10 ENERO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ENAGÁS, GRIFOLS, IAG, IBERDROLA, RED ELÉCTRICA, REPSOL. EUROPA: DAIMLER. Baja la prima de riesgo geopolítica Las bolsas se tomaron bien el discurso de D. Trump sobre Irán, que descarta (por el momento) una respuesta militar en la zona de Oriente Medio. Así el Euro STOXX terminó con subidas contenidas (+0,5%) siendo los mejores sectores Tecnología y Farma mientras que R. Básicos y Químicas presentaron las mayores caídas. Por el lado macro, en Alemania la producción industrial rebotó algo más de lo previsto en noviembre, aunque en térmi...

Research Department

IBERIAN DAILY 10 JANUARY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA, ENAGAS GRIFOLS, IAG, IBERDROLA, RED ELÉCTRICA REPSOL. MARKETS YESTERDAY AND TODAY The geopolitical risk premium falls Stock markets reacted well to D. Trump’s speech on Iran, ruling out (for the time being) a military strike in Middle East. Thus, the Euro STOXX closed with slight gains (+0.5%), with Technology and Pharma being the best-performing sectors and Basic Resources and Chemicals seeing the biggest drops. On the macro side, in Germany, the industrial output climbed somewhat more than expected in November, yet remaining in negative territory in YoY terms. In th...

Iberdrola S.A.: Update to credit analysis

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

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - EN

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 31/10/2019 - BNP Paribas - FR

BNP Paribas (Conserver) : Résultat avant impôts de €8,9mds (+4,0%) sur les 9M-19 Peugeot / Fiat Chrysler Automobiles (Achat) : 3,7mds de synergies sont à attendre de la fusion Standard Chartered (Achat) - 9M-19 : PNB de $11,7 mds (+2,6%) BBVA (Achat) - 9M-19 : PNB de €18,1 mds ( 3,0%, 3,8% à tcc) Casino (Achat souches courtes, Conserver souches longues): Emission senior de €750m, garantie par une holding regroupant les actifs immobiliers en France General Electric (Achat) - 9M-19 : Perte nette de -$6,0mds (-$23,4mds un an avant) Johnson & J...

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.

Research Department

IBERIAN DAILY 15 JANUARY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACS, ALMIRALL, ELECTRICITY AND TELECOMMUNICATIONS SECTOR, IBERDROLA, LAR ESPAÑA, SIEMENS GAMESA. MARKETS YESTERDAY AND TODAY The results campaign kicks off in the US Stock markets ended with slight losses before the signing of Phase I of the US-China trade agreement, which according to Reuters would include an increase in Chinese imports over the next 2 years (an additional US$ 80 Bn in manufacturing, US$ 50 Bn in energy, US$ 32 Bn in agriculture and US$ 35 Bn in services). In the Euro Stoxx, the best-performing sectors were Consumer Goods and Industrials vs. Basic Materials...

Research Department

INFORME DIARIO 15 ENERO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, ALMIRALL, IBERDROLA, LAR, SIEMENS-GAMESA. EUROPA: SIEMENS Arranca la temporada de resultados en EE.UU. Las bolsas terminaron con leves caídas antes de la firma de la Fase I del acuerdo comercial. En el Euro STOXX los mejores sectores fueron C. Personal e Industriales frente a R. Básicos y Seguros que cerraron con las mayores pérdidas. Por el lado macro, en la Eurozona Y. Mersch reconoció las señales de estabilización de la economía. En R. Unido, B. Johnson espera un acuerdo comercial integral con la UE para finales de año y descartó un nuevo ...

Research Department

INFORME DIARIO 10 ENERO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACCIONA, ENAGÁS, GRIFOLS, IAG, IBERDROLA, RED ELÉCTRICA, REPSOL. EUROPA: DAIMLER. Baja la prima de riesgo geopolítica Las bolsas se tomaron bien el discurso de D. Trump sobre Irán, que descarta (por el momento) una respuesta militar en la zona de Oriente Medio. Así el Euro STOXX terminó con subidas contenidas (+0,5%) siendo los mejores sectores Tecnología y Farma mientras que R. Básicos y Químicas presentaron las mayores caídas. Por el lado macro, en Alemania la producción industrial rebotó algo más de lo previsto en noviembre, aunque en térmi...

Research Department

IBERIAN DAILY 10 JANUARY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA, ENAGAS GRIFOLS, IAG, IBERDROLA, RED ELÉCTRICA REPSOL. MARKETS YESTERDAY AND TODAY The geopolitical risk premium falls Stock markets reacted well to D. Trump’s speech on Iran, ruling out (for the time being) a military strike in Middle East. Thus, the Euro STOXX closed with slight gains (+0.5%), with Technology and Pharma being the best-performing sectors and Basic Resources and Chemicals seeing the biggest drops. On the macro side, in Germany, the industrial output climbed somewhat more than expected in November, yet remaining in negative territory in YoY terms. In th...

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 01 AL 08 ENERO 2020 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sin cambios esta semana. Cartera High Yield Europa Airbus, Air Liquide, AXA, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Bajamos Inditex, subimos Grifols y entra Técnicas Reunidas. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Almirall, Applus, CAF, Dominion, Ence, Indra, Logista, Másmóvil, Sacyr y Unicaja Sin cambios esta semana.

Iberdrola Sa: 1 director sold

A director at Iberdrola Sa sold 10,000 shares at 9.210EUR and the significance rating of the trade was 57/100. 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 me...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Martial Descoutures
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard, CFA
  • Martial Descoutures
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 31/10/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2019

We are adopting a more upbeat stance on the winter season thanks to capacity increases being markedly less brisk than in previous years, which offsets the impact of a deterioration in demand. IAG (Buy vs Neutral – € 7.3) becomes our Top Pick for the sector. In our view, it is the stock that stands to gain the most from the streamlining of capacity (in the transatlantic network) and boasts the most attractive valuation. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/10/2019

Nous adoptons un ton plus optimiste sur l’hiver grâce à une croissance de l’offre tangiblement moins soutenue que lors des exercices précédents, ce qui permet de tempérer les effets de la dégradation de la demande. IAG (Achat vs Neutre – 7.3 €) devient notre Top Pick sur le secteur. C'est le titre qui, selon nous, bénéficiera le plus de la rationalité de l’offre (vers le transatlantique) et offre la valorisation la plus attractive. - Cf. étude publiée ce jour. - ...

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, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/25/2019

...

The loss of a fundamental star by IBERDROLA SA does not prevent it from improving to an overall Positive

IBERDROLA SA (ES), a company active in Conventional Electricity, improves its general evaluation despite the loss of a fundamental star(s). The independent financial analyst theScreener has removed a fundamental star(s) from the title, which now shows 3 out of 4 stars; conversely, its market behaviour remains table and can be still described as defensive. The loss of a star(s) core is inconsequential since theScreener revises upgrades the general evaluation of the value to Positive. As of the analysis date December 20, 2019, the closing price was EUR 9.27 and its potential was estimated at EUR...

Iberdrola

Iberdrola

Iberdrola

Iberdrola

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Metro, Deutsche Bank, Orsted, Iberdrola, Suez and Naturgy

Metro another step closer to divestment of Real

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

MarketLine Department

Energias de Portugal S.A - Strategy, SWOT and Corporate Finance Report

Summary Energias de Portugal S.A - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Energias de Portugal S.A (EDP or 'the company') carries out generation, distribution, and supply of electricity. The company is also involved in distribution and supply of gas, electricity and energy. EDP generates power through nuclear, hydro, coal, wind, biomass, solar based sourc...

MarketLine Department

Vattenfall AB. - Strategy, SWOT and Corporate Finance Report

Summary Vattenfall AB. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Vattenfall AB (Vattenfall or 'the company') is a energy company owned by Swedish state that supplies electricity and heat to customers in Europe. It primarily generates electricity and heat across Europe. Vattenfall utilizes various resources including nuclear, wind, hydro, natural gas, solar...

Javier Esteban

ELECTRICITY AND GAS SECTOR REPORT: LITTLE ROOM FOR OPTIMISM (ANÁLISIS BANCO SABADELL)

ELECTRICITY AND GAS SECTOR REPORT: LITTLE ROOM FOR OPTIMISM (ANÁLISIS BANCO SABADELL)

Javier Esteban

INFORME SECTORIAL ELECTRICIDAD Y GAS: POCO ESPACIO PARA EL OPTIMISMO (ANÁLISIS BANCO SABADELL).

INFORME SECTORIAL ELECTRICIDAD Y GAS: POCO ESPACIO PARA EL OPTIMISMO (ANÁLISIS BANCO SABADELL).

Javier Esteban

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

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

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

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 06 TO 13 MARCH 2019 (ANÁLISIS BANCO SABADELL)

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 06 A 13 MARZO 2019 (ANÁLISIS BANCO SABADELL)

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 FEBRUARY TO 06 MARCH 2019 (ANÁLISIS BANCO SABADELL)

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 27 FEBRUARY TO 06 MARCH 2019 (ANÁLISIS BANCO SABADELL)

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)

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