Report
Tancrede Fulop
EUR 100.00 For Business Accounts Only

Regulatory Backdrop Is Improving in Spain

Red Electrica's fully regulated electric transmission business has protected the company from the doldrums faced by most diversified European utilities since 2011. Since 2014, the beginning of the current regulatory period, Red Electrica has delivered 7% annual dividend growth, while many other European utilities had to cut their dividends to protect their balance sheets. We expect the dividend to continue growing 7% annually through the end of this regulatory period in 2019.Regulatory backdrop ...
Underlying
Red Electrica Corp. SA

Red Electrica is engaged in the transmission of electrical energy, the operation of the system and the management of the transmission network in the Spanish electricity system. In addition, through its subsidiaries, Co. is engaged in the acquisition, holding and management of foreign securities, co-ordination of international exchanges, provision of telecommunications services for third parties, provision of consultancy, engineering and construction services outside the Spanish electricity system, securing of funds, carrying out of financial transactions and provision of financial services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Tancrede Fulop

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