Enel avoids sales at Piazza Affari and gains the top of the Ftse Mib in the aftermath of the 2020 financial results. The stock of the Italian energy group is up by about 1.4%, trading at 8.17 euros. For Enel, 2020 closed with investments for over 10 billion euros and an ordinary net profit up 9% with “the change that reflects the improvement in ordinary operating results including lower depreciation for the period, the efficient financial management that led to a decrease in financial charges and minor minority interests “, reports the company. The total dividend proposed for the entire 2020 financial year is equal to € 0.358 per share (of which € 0.175 per share already paid as an interim payment in January 2021), an increase of 9.1% compared to the total dividend of € 0.328 per share recognized. for the entire year of 2019.
Positive indications from Enel numbers with profit and dividend above expectations (EBITDA debt were already known from the preliminary reports) and 2021 guidance confirmed with a high degree of visibility “, say Equita analysts who confirm the buy recommendation and target price of 9, 3 euros on Enel.