Within the important energy sector, Enagás is one of the most relevant stocks in Spanish equities. Due to its special characteristics, we are not dealing with a listed company like the rest, but with very well defined features that can serve as an investment for a very specific profile of small and medium investors. To the extent that it can serve to form a source of savings for the medium and long term as you will be able to verify from now on.
Because indeed, if something characterizes the actions of the energy company Enagás, it is the little volatility which offers the quotation of its prices. Not in vain, you are before one of the more stable values and insurance from the national stock market. Where there are many investors who place their trust in the business line of this company to make their savings profitable are no kind of shocks. And with few surprises in its daily price, to the point that it is the closest thing to fixed income at the moment.
If you wish to buy Enagás shares from now on, you will have no choice but to learn a little more about how it performs in the equity markets. Because it is a significantly different value from the rest. Neither better nor worse than the others, but moves under other parameters sensibly different. And that they may be receptive to your demand to take positions in some of the most stable sectors of the national selective index. Are you willing to see what this company really is like? Well, pay some attention because you may choose to open positions in this important value.
Enagás: with the highest dividends
If there is a common denominator of their shares, it is that they have the most profitable dividend of Spanish equities. Because in effect, it offers its shareholders a fixed and annual interest of almost 7%. It happens to be the most generous currently offered in Spain. This is precisely one of the reasons why many small and medium-sized investors enter to make their operations profitable. Because it is a somewhat peculiar strategy to form a fixed income within the variable. Through two payments of dividends during the year and that will go directly to the current account of savers.
Of course, this shareholder remuneration is one of the best incentives to contract the company's securities. It offers the option of creating a powerful savings exchange with several years of permanence and regardless of its price in the financial markets. Not surprisingly, the profitability it offers is very above that generated from the main savings products (time deposits, bank promissory notes or high-paying accounts). Where the level of 1% is rarely exceeded, as a consequence of the cheaper price of money.
It is a defensive value
Enagás, of course, is one of the most defensive stocks in Spanish equities. It is true that in expansive times in financial markets, their behavior is not so explosive. But for the same reason when the stock market trend is down, it behaves much better than the rest. Your shares may even appreciate as it has in recent years. It is a countercyclical value and that it is not at the expense of the short-term movements of the financial markets. In this sense, it is different from the others.
On the other hand, you cannot forget that their line of business is always recurrent and they do not understand economic crises or other factors that can make a value fall from now on. From this scenario, you can rest easy at Enagás because it won't bring you many negative surprises during the year, although the joys will not be really spectacular either. The stability in their prices will be one of the most striking notes that you can see if you opt for this investment from now on.
Average yield around 5%
As a consequence of these peculiar contributions, it is not surprising that the average return offered by their titles is very close to these percentages. Namely, you will not get large capital gains, but in return you will almost guarantee your savings with great efficiency and safety. Not in vain, it is one of the piggy bank values that the national variable income has. With which your wealth grows little by little and without excessive surprises in its price. So you can be more calm and without being aware of the situation of the bags every day. As with other values far from these hallmarks so unmistakable for all savers.
Another aspect that you should take into account from now on is that the differences between their maximum and minimum prices they are not very noticeable. Because in effect, the stability in the marked prices is one of their main common denominators. Since it is not at the expense of changes in economic cycles as it usually happens in other classes of listed companies. As for example, in industrial companies, financial groups or those linked to new technologies. In this case, everything is much simpler and it is about maintaining or improving your energy services.
Last quarter results
The balance of your business accounts offers no doubts regarding your prospects for the future. Because it has earned 269 million euros until June of this year, which means an increase of 25,6%. A fact that has been very liked by the financial markets. On the other hand, in this analyzed period, the gross operating profit (Ebitda) grew by 12,4% in the first six months of the year, to 536,2 million euros, while the net profit (Ebit) rose at 361,9.
Another very relevant aspect of its business accounts is that the net financial indebtedness of the company 'stand alone' at the end of the first semester It amounts to 4.482,5 millones de euros. Nor can it be forgotten that a growing increase in the demand for natural gas is working in your favor. In the specific case of the national market, it was 6,5% higher than that generated at the end of the second quarter of last year. To the point that these good data have driven the company's prices to have risen moderately in this analyzed period.
It is priced very close to 25 euros
At the moment, Enagás shares are trading very close to the 25 euro levels. With an annual revaluation that is quantified at 2,11%. Not with the percentages of other more aggressive values. But if in an orderly and constant way that is very much to the liking of the most conservative investors. Where one of the keys it has in the short and medium term is to see if it can overcome the resistance it has at the moment at 27 euros per share. It is also the high point in has the range of the last 50 trading sessions. If it is overcome, it cannot be ruled out that the hikes may be more aggressive than they have been up to now.
It cannot be forgotten that this stock is moving under very narrow margins in its price. Where, exceptionally, it exceeds levels of 1%, which only occur in very well-defined scenarios and always in a timely and controlled manner. In this way, it is very difficult to get quick profits with this value. But in return, the weight of the savings increases very slowly, but safely and with the additional incentive of paying its dividends. In any case, it is one of the fixed proposals of national equities to form a protected and above all balanced investment portfolio.
10 contributions of this value
There are a series of peculiarities that characterize Enagás and that serve to carry out very well-defined operations. Among which the following stand out.
- The money usually goes growing little by little, without stridency of any kind.
- It is reinforced by one of the dividends highest in the Spanish stock market.
- Volatility is practically minimal, with few differences between its maximum and minimum price.
- It is an investment that is more suitable for longer periods of stay.
- Its benefits they are recurring and they seldom affect negatively the evolution of the price of their shares.
- Be part of one of the more stable sectors of the stock market panorama of national investment such as energy products and services.
- It is adapted to all kinds of scenarios. Both the most expansive and those in which falls is the common denominator of financial markets.
- Price security prevails on other kinds of considerations, both technical and fundamental.
- It is one of the values piggy bank par excellence, where savings are increasing little by little and with hardly any significant differences.
- It is intended for a very well clarified investor profile: conservative and with a more mature age.
Well, I do not agree with the article at all, this is a company that depends on the BOE, what the BOE says is remunerated and surely that in the next review they will put a good cut.
You would not invest in a company that depends on a corrupt government.
What has happened to the electricity sector this week is shameful, the government meets with investment banks and advances the plans to them, to the rest of the citizens who give us for c ……
A 50% cut in the dividend is very likely in the coming years, if we go from a 10-year bond remuneration + 400 bp (7/8% approx), as soon as the value of the bond is updated from 4% to the current 2% And by the way reduce the difference by 100 bp, we will be talking about 4/5% per year, and precisely the debt of Enagas is not small and must be paid (5500 billion)
I would think twice before entering into enagas and look for other alternatives.