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| Share Name | Share Symbol | Market | Stock Type |
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| Energiser Investments Plc | ENGI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.0% | 0.65 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| 0.65 |
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Posted at 07/11/2023 08:25 by adrian j boris Engie Upgrades Outlook on Positive Performance, Reduced Risks07/11/2023 8:00am Dow Jones News Engie (EU:ENGI) Tuesday 7 November 2023 By Andrea Figueras Engie raised its full-year guidance after what it called a continued good performance with reduced risks as it approaches the end of the year. The French power utility on Tuesday said that it now expects recurring net income in a range of 5.1 billion euros to 5.7 billion euros ($5.47 billion-$6.11 billion), up from a prior forecast between EUR4.7 billion and EUR5.3 billion. It now sees non-nuclear earnings before interest and taxes of EUR9 billion to EUR10 billion, while it previously anticipated EBIT excluding nuclear between EUR8.5 billion and EUR9.5 billion. The company posted earnings before interest, taxes, depreciation and amortization of EUR11.9 billion, compared with EUR10.67 billion for the same period last year, while revenue fell to EUR61.8 billion in the period, down 10.2% organically on-year. Non-nuclear EBIT was EUR8 billion, up from EUR6.3 billion, mainly driven by the units global energy management and sales as well as renewables. Engie backed its dividend policy with a 65% to 75% payout ratio based on net recurring income and a floor of EUR0.65 a share for the 2023 to 2025 period. Write to Andrea Figueras at andrea.figueras@wsj. (END) Dow Jones Newswires November 07, 2023 02:45 ET (07:45 GMT) |
Posted at 07/7/2023 05:41 by adrian j boris ENGIE : A resistance level that suggests downside riskYesterday at 07:35 Entry price Target Stop-loss Potential 15.25 € 14 € 16 € -6.24% After the strong price increase that has been seen over the past few weeks, it appears opportune to anticipate a correction phase for shares in ENGIE, as the resistance around 15.47 EUR approaches. Summary ● Overall, and from a short-term perspective, the company presents an interesting fundamental situation. ● The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well. Strengths ● The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock. ● The company's attractive earnings multiples are brought to light by a P/E ratio at 9.22 for the current year. ● With regards to fundamentals, the enterprise value to sales ratio is at 0.74 for the current period. Therefore, the company is undervalued. ● The company is one of the best yield companies with high dividend expectations. ● Over the last twelve months, the sales forecast has been frequently revised upwards. ● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock. ● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year. ● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates. ● Analysts covering this company mostly recommend stock overweighting or purchase. Weaknesses ● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years. |
Posted at 21/6/2023 07:37 by florenceorbis [France] ENGIE (ENGI)Euronext Paris - 09:36:42 21/06/2023 14.19 EUR -0.81% |
Posted at 20/6/2023 09:49 by sarkasm [France] ENGIE (ENGI)Euronext Paris - 11:43:24 20/06/2023 14.27 EUR +0.69% one of the very few shares today in positive territory |
Posted at 19/6/2023 11:27 by waldron [France] ENGIE (ENGI)Euronext Paris - 12:21:51 19/06/2023 BST 14.15 EUR -1.43% Nearing 13.96 euros Support |
Posted at 17/6/2023 07:38 by adrian j boris [France] ENGIE (ENGI)Euronext Paris - 16:37:08 16/06/2023 BST 14.36 EUR +0.93% Needs now to break convincingly thru Resistance |
Posted at 20/3/2023 15:00 by waldron ENGIE adds more than 650 MW to U.S. operationsWind and solar projects bring ENGIE’s renewable capacity to more than 4.8 GW across North America March 20, 2023 09:05 ET | Source: ENGIE North America HOUSTON, March 20, 2023 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced four projects reached commercial operation at the end of December 2022 with a total production capacity of 651 MW. The addition of these projects brings ENGIE’s renewable operations to more than 4.8 GW across the U.S. and Canada. The portfolio additions include two Texas projects, the 300 MW Limestone Wind project in Navarro and Limestone counties alongside the 250 MW Sun Valley Solar project in Hill County northeast of Waco. Dedication ceremonies to formally inaugurate Limestone and Sun Valley were held earlier this month, bringing together some 200 people including customers, landholders, local, state and federal representatives, community members and development partners, reflecting both the addition of 550 MW of clean energy to the grid, as well as the long-term commitments to the three counties which are expected to generate around $88 million in tax revenues over the life of the projects. A further two solar projects totaling 101 MW came online in Halifax County, Virginia and New Castle County, Delaware, which was ENGIE’s first grid-scale project in that state. “Maintaining momentum with our projects and meeting the expectations of our customers to help them deliver on their own Net Zero journey was and remains our key focus. Our proven ability to deliver consistently in a dynamic environment will be a critical differentiator over the next few years,” said Dave Carroll, Chief Renewables Officer of ENGIE North America. “Last year was a volatile one for the renewables industry, including sector-wide supply chain challenges, a rapidly evolving incentives landscape, inflation and all coupled with an accelerating commitment to a Net Zero future made for a lively twelve months, but one where our breadth and depth of the ENGIE team came through.” Earlier in 2022, Procter and Gamble (P&G) announced a Power Purchase Agreement (PPA) with ENGIE for production from Sun Valley. Jack McAneny, P&G Vice President Global Sustainability said at the time: “Partnering on new renewable power projects brings long-term, zero emissions renewable electricity on-line and is an important strategy to help us achieve our goal of purchasing 100% renewable electricity. We are excited to work with ENGIE on projects like Sun Valley that progress our strategy and provide benefits to the local community.” Last year also saw three customers announce PPA’s for Limestone – LyondellBasell, Stanley Black and Decker and Whirlpool Corporation. LyondellBasell commented: “LyondellBasel Stanley Black and Decker commented previously: “Creating a more sustainable world and achieving carbon neutrality by 2030 requires a transition to renewable energy,” said Deb Geyer, Corporate Responsibility Officer for Stanley Black & Decker. “This project, operational by the end of 2022, will continue to support Stanley Black & Decker’s strategy to source 100 percent of its United States and Canada electricity needs from renewable power.” Whirlpool Corporation commented: “This latest wind project is an important part of our ongoing sustainability initiatives, adding additional clean, renewable energy to the electrical grid while helping to reduce the company’s carbon footprint,” said Whirlpool Corp. Sr. Director of Sustainability Beat Stocker. “Now that Limestone Wind is becoming fully operational, we have achieved an important step in matching 100% of our U.S. plant electricity emissions, taking us closer to our Net Zero by 2030 goal for our operations." ENGIE has established a large and growing pipeline of wind, solar and storage projects across the U.S. and Canada, including two acquisitions last year that added some 50 early, mid and late-stage development projects to the portfolio. “Globally ENGIE aims to add an average 4 GW of renewable capacity each year through 2025 and North America is poised to be a material contributor to that aspiration. We plan to almost double production capacity by 2025 across the U.S. and Canada,” said Carroll. “We are already in construction for many of our 2023 projects, including storage, which will become an increasing element of our portfolio.” ### About ENGIE ENGIE is a global leader in low-carbon energy and services. With its 96,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-frie |
Posted at 24/8/2021 08:00 by la forge ENGIE: Medium Term Transformation In ProgressAug. 24, 2021 1:56 AM ETENGIE SA (ENGIY), ENGQF Summary ENGIE has agreed to the sale of its 11.5% stake in GRTgaz at an attractive RAB premium of c. 48%. With other planned disposals also in progress, the strategic shift appears to be on track. Yet, shares trade well below EU peers despite the re-rating potential and the c. 4% yield on offer. ENGIE (OTCPK:ENGIY), a French-based global utility company supplying electricity, gas, and energy services, may have outperformed yet again at its H1 '21 results, but the key highlight was the disposal of its stake in GRTgaz for a c. €1.1 billion price tag (implying a considerable premium to the RAB ("regulated asset base"). Beyond the highly favorable valuation benchmark the sale provides for Engie's gas infrastructure assets, it also illustrates that management is progressing well on its medium-term strategy to simplify the company. As such, I am bullish on Engie's plans to create a more straightforward infrastructure/renew Making Progress on GRTgaz with Latest Stake Sale Alongside its earnings results, Engie has signed a binding agreement with Caisse des Dépôts and CNP Assurances (both already minority shareholders) for the sale of its 11.5% stake in GRTgaz (gas transmission in France). The agreement values the GRTgaz group's total equity at €9.75 billion or an enterprise value of €14.6 billion, implying a c. 12x EV/ EBITDA valuation. In turn, the sale price also implies a RAB premium of c. 48%, which is certainly impressive for a minority stake in gas networks. In addition to the partial reduction in Engie's holding, the transaction will also feature a simplification of the GRTgaz group structure, which will lead to GRTgaz taking full ownership of Elengy (up from c. 82% currently). I view the transaction as a significant positive – not only does it represent another value crystallizing disposal for the group (implying a 1-2% positive impact on Engie's market cap), but it also helps to reduce Engie's net financial debt by c. €1.1 billion. From a broader perspective, the accretive sale also validates the case that there is value in the rest of the gas networks assets in the Engie portfolio despite the market remaining unwilling to capitalize the remaining c. 64% stake in GRTGaz at the implied deal multiple (note shares were slightly down post-announcement). Nonetheless, the deal is on track to close by year-end, and with similar disposals in the pipeline, I remain optimistic on a re-rating of the gas assets down the line. Medium Term Disposal Plan on Track Since the strategic shift outlined by management at its previous investor day, Engie has made impressive progress, disposing of its 29.9% stake in Suez for €3.3 billion and signing the sale of EVBox for c. €200 million, leading to a total of €3.6bn in the last year. Engie has since guided for a €9-10 billion disposal plan from 2021-2023, including Customer Solutions business Equans and another c. €2 billion tranche of disposals. On the former, expect steady news flow over the upcoming month – per recent news reports, Engie is kicking off an auction process for some of its services assets, with initial bids (expected in September) already valuing Equans in the €5-6 billion range. On the other hand, there will be some dilution at the EBIT level from the medium-term disposal plan – management has guided for a c. €700 million EBIT dilution scenario over the 2021-2023 period, mainly from the planned Equans sale. On balance, however, I view the disposals as a net positive, as it helps to de-risk the overall group, and depending on how the sale of Equans is structured, Engie still has options to manage the dilution side of the rotation (e.g., by executing in stages). With commodity prices also on the rise, expect higher profitability for Engie's supply activity and potentially its IPP business as well, both of which should help offset any earnings headwinds ahead. Strategic Transition to Infrastructure Underpins Incremental Upside In addition to the disposal plans, shareholders also stand to gain from a focus on infrastructure-like activities such as regulated networks, renewables developed on the balance sheet, along with contracted heating/cooling and cogeneration. A simpler group structure producing a visible and steady earnings stream on which the market can apply similar multiples to other bond proxy utilities in the sector (e.g., renewables peers) would likely be accretive. Assuming successful execution, the strategic shift should support a material re-rating of Engie's other activities, supporting the case for value unlocking ahead. Source: Engie Strategic Update Presentation Slides (2021) Alternatively, the planned transition would also make Engie a compelling M&A target for infrastructure or oil & gas funds/companies (with a lower cost of capital) looking to redeploy capital away from fossil fuels. Furthermore, Engie is currently trading at a considerable valuation discount to peers Enel (OTCPK:ESOCF) and Iberdrola (OTCPK:IBDRY) despite operating out of northern Europe. Considering Enel and Iberdrola are tied to higher Italian and Spanish underlying sovereign yields, I think Engie should instead trade at a premium multiple (note French 10-year bonds are negative yielding while similar durations in Italy and Spain offer modest positive yields). Final Take Overall, I like where Engie is going with its strategy, and considering its progress on the planned disposals, I see further positive catalysts ahead. Yet, Engie shares have been range-bound in recent months, even moving down slightly after an excellent quarterly earnings release. This seems unjustified, especially with earnings already growing ahead of expectations, disposals coming in at good valuations, and a near-term catalyst in the form of the Equans sale ahead (targeted before year-end). Trading well below peers at the current EV/EBITDA of c. 7x despite a dividend yield of c. 4%, Engie remains a great pick in the EU utilities space. |
Posted at 01/3/2021 08:44 by ariane ENGIEMultimedia content Links (1) All (1) Source: ENGIE | 15 minutes ago ENGIE acquires 100 MW Concentrated Solar Power plant in South Africa The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant Share Favourite Copy text Get source logo Egalement disponible en Français JOHANNESBURG, South Africa, March 1, 2021/APO Group/ -- ENGIE (ENGIE-Africa.com) is pleased to announce that it has reached an agreement to acquire from Abengoa a 40% equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, as well as 46% of the Operations & Maintenance Company. The plant is equipped with parabolic trough technology and a molten salt storage system that allows for 5.5 hours of energy storage to provide reliable electricity during peak demand. Power is contracted through a 20 years Power Purchase Agreement with Eskom (South African Electricity Public Utility). Xina Solar One is supplying clean energy to more than 95,000 South African households and prevents the emission into the atmosphere of approximately 348,000 tons of CO2 each year. The plant is located in the Northern Cape of South Africa, which is also the location of ENGIE’s 100 MW Kathu CSP plant. Xina Solar One increases ENGIE’s renewable footprint and is a further step to cementing its position as the leading Independent Power Producer in the country. Synergies between Xina and Kathu will be developed to further enhance the operational efficiency of both plants. “With the acquisition of this project, ENGIE is pursuing its low carbon strategy. Xina augments the country’s installed peaking power and reduces its dependence on coal-fired electricity. The 100 MW CSP plant also contributes to ENGIE’s geographic rationalization by expanding its footprint in South Africa, where it is the leading Independent Power Producer with 1,320 MW of installed capacity.” says Sébastien Arbola, CEO of ENGIE MESCATA. With the acquisition of this project, ENGIE is pursuing its low carbon strategy Mohamed Hoosen, CEO of ENGIE Southern Africa commented: “ENGIE is valued as a highly skilled IPP and a long-term player in the South African power industry. We are adding an innovative high-performing plant and are increasing our CSP capacity. This investment will create value over the longer term while accelerating impact on the energy transition of our customers.” Co-shareholders on Xina Solar One include Public Investment Corporation, a pension fund manager and a shareholder on ENGIE’s Kathu project (20%); Industrial Development Corporation, a development finance institution wholly- owned by the South African Government (20%); and Xina Community Trust, funded by the IDC (20%). Xina Solar One, which started commercial operation in August 2017, was built by Abengoa. Completion of the transaction is subject to the fulfillment of certain conditions including merger control clearance from relevant competition authorities. In South Africa, ENGIE has interests in a CSP plant (100 MW Kathu), a wind farm (94 MW Aurora), 2 solar photovoltaic plants (21 MW) and 2 thermal power peaking plants (670 MW Avon and 335 MW Dedisa). Distributed by APO Group on behalf of ENGIE. Press Contact: Email: engiepress.mescat@en About ENGIE MESCATA: ENGIE (ENGIE.com) has a presence of almost 30 years in the Middle East, South & Central Asia, Turkey and Africa region. In the Middle East, it is the regional leading independent power & water producer with a gross capacity of 30 GW of power and 5.5 million m3/day of water production, serving over 40 million people daily with power and 10 million with potable water from desalination. In Africa, the Group has 3.15 GW of power generation capacity in operation or construction and is South Africa’s first Independent Power Producer. It is a leader in the decentralized energy market, providing clean energy to more than five million people through domestic solar installations and local microgrids. ENGIE’s renewable portfolio exceeds 2,300 MW of power in India and Africa. In the Middle East, the Group is a regional leader in district cooling through Tabreed, in which it has a 40% stake, and which currently delivers over 1.4 million tons of cooling across 86 plants in the GCC. ENGIE is also a leading provider of Customer Solutions in the Gulf region and Morocco. For more information : ENGIEMiddleEast.com and ENGIE-Africa.com. About ENGIE: Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-frie |
Posted at 17/7/2019 07:52 by grupo Bonus dividendENGIE rewards The shareholders’ loyalty ENGIE proposes a 10% bonus dividend for any registered share (indirectly or directly), for at least two continuous years (full calendar years), up to the dividend payment date. To receive the loyalty bonus, send this registered form to your bank. Any share registered before 31/12/2019, will thus benefit in 2022 from the bonus the dividend related to 2021. Answers to frequently asked questions What is a bonus dividend? This is a bonus limited, by law, to 10% of the amount of the dividend paid out for a fiscal year. The bonus dividend is designed to reward loyal shareholders. It involves amending the bylaws by a decision of the Extraordinary General Meeting. For ENGIE case, the decision to amend the bylaws was taken by the Combined General Meeting of April 28, 2014 for a first payout in 2017 related to the financial year 2016. Who can benefit from the bonus dividend? Shareholders who have held ENGIE registered shares (indirectly or directly) for at least two continuous years*, up to the dividend payment date. Please note that by law, the bonus dividend is capped for each shareholder at 0.5% of share capital. I hold registered shares for more than two years. Can I benefit retroactively from the bonus dividend? No, this measure is not retroactive. The decision applies to shares held for at least two continuous years* from the Combined General Meeting of April 28, 2014. Why do I have to register my shares to benefit from the bonus dividend? The law requires that shares be held in registered form, since holding registered shares it’s the only way to identify the shareholder and the duration of the shareholding. How to register my shares? It is very simple. You need to send to your financial intermediary an application to convert to indirectly register shares or to switch to directly registered shares. To that end, you can download the standard form or call 0 800 30 00 30 (free calls from a landline in France, Monday to Friday from 9 a.m. to 1 p.m. and from 2 p.m. to 6 p .m.). Be careful, the registration process can take several weeks depending on the financial institution. What is the difference between indirectly and directly registered shares? Indirectly registered shares: Your shares remain with your financial intermediary, who manages them. Consequently, the management of your shares is similar to that of « bearer » shares. However, your shares are registered in the ENGIE books. Directly registered shares: Your shares are registered directly in the books of Société Are shares held in a « PEA » eligible? Yes, if you are a French resident, you can benefit from the bonus dividend under your « PEA » by registering your ENGIE shares. However, due to the complexity of managing « PEA » shares, the banks strongly recommend opting for administered registered shares. What is the typical scheduling of the bonus dividend? Year N: Registration of shares prior to December 31; Years N+1 and N+2: Shares held in the registered form; Years N+3, 4, 5… Distribution of bonus dividend in N+3, then each year if you hold your registered shared. When the bonus is paid? The bonus, applied to the entire dividend for the year, is paid out at the same time as the balance of the dividend after the Annual General Meeting. Interim dividends are paid out without bonus. From 2020 and the dividend to paid for fiscal year 2019, the annual dividend and the bonus dividend will be paid in a one time. What is the taxation on the bonus dividend? The taxation of the interim dividend is similar to that on dividends. Switching your shares to registered shares has no impact on the taxation. *full calendar years Practical Information The actions eligible for the dividend have a specific code that identifies the year of payment of the bonus, see below: ISIN Code Year of registration Year of application of the loyalty bonus FR0013215407* Shares already eligible for the bonus prime 2019 FR0013292703 2017 2020 FR0013374493 2018 2021 These shares remain transferable in the same way as the shares listed on the main code ENGIE (FR0010208488). *On 1st January 2019, Euroclear assimilated the shares entered on the value code FR0013215399 ENGIE loyalty bonus 2019 into the value code FR0013215407 ENGIE premium loyalty bonus. |
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