|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||11.32 - 11.55|
|52-week range||8.83 - 12.32|
|Beta (5Y monthly)||0.55|
|PE ratio (TTM)||15.72|
|Forward dividend & yield||0.46 (4.06%)|
|Ex-dividend date||06 Jan 2023|
|1y target est||N/A|
MADRID/LONDON (Reuters) -Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years, its chairman said in a strategy update on Wednesday. Iberdrola is pushing to remain one of the leaders in global renewable power at a time when utilities are facing a challenging transition away from fossil fuels, accelerated by the need to cut energy dependence on Russia. In its last strategy update, the company said it planned to invest 75 billion euros in renewable energy, grids and retail operations from 2020-2025.
MILAN (Reuters) -Italy's antitrust authority has ordered Spanish utility Iberdrola and Germany's E.ON to reinstate the original electricity and gas contracts they had with customers, it said on Friday. The watchdog also asked Italian utilities Iren and Dolomiti to stop what it alleged to be "illegitimate notices" regarding changes to the economic conditions of their offers. The authority, which opened an inquiry into utilities last week, said that companies must report within five days on the steps they had taken to comply with the precautionary measures.
MADRID (Reuters) -Armando Martinez will become chief executive officer of Iberdrola after Europe's leading power utility opted to separate the positions of executive chairman and CEO as the sector faces a challenging transition towards greener energy. Iberdrola said on Tuesday that following the proposal of the appointments committee, Jose Ignacio Sanchez Galan would stay on as executive chairman of the company. Shares in Iberdrola rose 2.38% by 1456 GMT, while Spain's leading blue-chip index Ibex-35 was up 1.43%.