Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Enel : A 2027 strategic plan focused on networks and the dividend

>Outperform rating and target price of € 9.20 maintained - The new management’s second strategic plan was in line with our forecasts, regarding the continuing restoration of financial flexibility with a marked shift in the allocation of resources towards networks and the continuation of a dividend policy based on a 70% distribution rate with a minimum level lifted to € 0.46 per share (vs € 0.43 per share previously). The new guidance for the period 2024-2026 does not ...
Underlying
Enel SpA

Enel Societa Per Azioni is engaged in the generation and sale of electricity through its Generation, Energy Management and Sales Italy Division. Co. is also engaged in the distribution of electricity (Enel Distribuzione) and public and artistic lighting (Enel Sole) in Italy through its Infrastructure and Networks Division. Co.'s Iberia and Latin America Division coordinates Co.'s operations in the electricity and gas markets in Spain, Portugal and Latin America. Co.'s Engineering and Research Division manages the engineering processes related to the development and construction of power plants. Co.'s other divisions are the International Division as well as the Renewable Energy Division.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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