Iberdrola (OTCMKTS:IBDRY) Sets New 1-Year High – Here’s Why

Iberdrola S.A. (OTCMKTS:IBDRY) reached a new 52-week high on Friday . The stock traded as high as $75.85 and last traded at $75.68, with a volume of 19934 shares traded. The stock had previously closed at $74.50.

Wall Street Analyst Weigh In

Separately, Dbs Bank upgraded Iberdrola to a “buy” rating in a research report on Friday, April 25th.

Iberdrola Price Performance

The company has a 50-day moving average of $72.00 and a two-hundred day moving average of $62.90. The stock has a market capitalization of $121.23 billion, a PE ratio of 24.29, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.69 and a quick ratio of 0.58.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.08. Iberdrola had a return on equity of 7.69% and a net margin of 10.81%. The firm had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $11.06 billion. Sell-side analysts predict that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

Iberdrola Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, May 26th were issued a $0.0175 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 1.03%. Iberdrola’s dividend payout ratio (DPR) is 46.13%.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.