ENBR3.SA - EDP - Energias do Brasil S.A.

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
19.15
-0.25 (-1.29%)
At close: 5:07PM BRT
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Previous Close19.40
Open19.50
Bid19.16 x 0
Ask19.24 x 0
Day's Range19.11 - 19.58
52 Week Range12.48 - 21.08
Volume1,726,700
Avg. Volume2,391,667
Market Cap11.589B
Beta (3Y Monthly)0.43
PE Ratio (TTM)8.59
EPS (TTM)2.23
Earnings DateJul 24, 2019
Forward Dividend & Yield0.06 (0.32%)
Ex-Dividend Date2019-04-17
1y Target Est16.95
  • Bloomberg13 days ago

    Brookfield Weighs Bid for Iberian Hydro Assets Owned by China Three Gorges

    (Bloomberg) -- Brookfield Asset Management Inc. and Endesa SA are among companies weighing bids for a package of EDP-Energias de Portugal SA electricity assets that could fetch about 2 billion euros ($2.3 billion), people familiar with the matter said.The Portuguese utility is expecting initial bids later this month for about 2 gigawatts of hydroelectric power projects in Spain and Portugal, the people said, asking not to be identified because the information is private. EDP is also gauging interest from other potential suitors including French utility Engie SA, Iberdrola SA and an infrastructure arm of Macquarie Group Ltd., they said.No final decisions have been made, and the parties may decide not to proceed with formal offers, the people said. Representatives for EDP, Brookfield, Engie, Endesa, Iberdrola and Macquarie declined to comment.EDP, part-owned by China Three Gorges Corp., is working to fund an investment plan focused on strengthening its renewable-energy portfolio in the U.S., Europe and Latin America. The Portuguese utility said in March it’s planning to raise more than 6 billion euros from offloading non-core parts of its portfolio and cutting stakes in some projects.In April, Three Gorges ended its 9.1 billion-euro takeover offer for EDP after the Portuguese utility’s shareholders decided to keep a cap on voting rights. Three Gorges, which is already EDP’s largest shareholder with a 23% stake, has said that it will remain a “long-term strategic investor.”Activist investor Elliott Management Corp. had said the Three Gorges bid undervalued EDP and called for the Portuguese company to take steps including a sale of its Brazilian unit and a stake in some electricity distribution businesses.\--With assistance from Rodrigo Orihuela and Joao Lima.To contact the reporters on this story: Dinesh Nair in London at dnair5@bloomberg.net;Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Amy Thomson, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's28 days ago

    Celesc Distribuicao S.A -- Moody´s upgrades Celesc to Ba2/Aa3.br; outlook changed to stable

    Moody's América Latina Ltda., ("Moody's") today upgraded the Corporate Family Ratings (CFR) assigned to Centrais Eletricas de Santa Catarina S.A. ("Celesc" or "the company") to Ba2 from Ba3 on the global scale and to Aa3.br from A1.br on Brazil's national scale (NSR). At the same time, Moody's upgraded to Ba2/Aa3.br from Ba3/A1.br, the issuer ratings assigned to Celesc Distribuiçao S.A. ("Celesc D"). The ratings' upgrade was prompted by progress made by the company to secure long-term financing at lower costs and resolution of disputes over regulatory liabilities contributing to Moody's expectation that consolidated credit metrics will remain well positioned within a higher rating category.

  • Moody's28 days ago

    Centrais Eletricas de Santa Catarina S.A. -- Moody´s upgrades Celesc to Ba2/Aa3.br; outlook changed to stable

    Moody's América Latina Ltda., ("Moody's") today upgraded the Corporate Family Ratings (CFR) assigned to Centrais Eletricas de Santa Catarina S.A. ("Celesc" or "the company") to Ba2 from Ba3 on the global scale and to Aa3.br from A1.br on Brazil's national scale (NSR). At the same time, Moody's upgraded to Ba2/Aa3.br from Ba3/A1.br, the issuer ratings assigned to Celesc Distribuiçao S.A. ("Celesc D"). The ratings' upgrade was prompted by progress made by the company to secure long-term financing at lower costs and resolution of disputes over regulatory liabilities contributing to Moody's expectation that consolidated credit metrics will remain well positioned within a higher rating category.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of ENBR3.SA earnings conference call or presentation 9-May-19 2:00pm GMT

    Q1 2019 EDP Energias do Brasil SA Earnings Call

  • Moody's2 months ago

    EDP - Energias do Brasil S.A. -- Moody's affirms EDB's CFR and upgrades senior unsecured debt; outlook stable

    Moody's América Latina Ltda., ("Moody's") has today affirmed EDP -- Energias do Brasil S.A.'s (EDB) corporate family ratings at Ba2 on global scale rating and Aa2.br on the Brazilian national scale (NSR). At the same time, Moody's upgraded EDB's senior unsecured debentures to Ba2/Aa2.br from Ba3/A1.br.

  • Moody's2 months ago

    Centrais Eletricas de Santa Catarina S.A. -- Moody's announces completion of a periodic review of ratings of Centrais Eletricas de Santa Catarina S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Centrais Eletricas de Santa Catarina S.A. New York, May 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Centrais Eletricas de Santa Catarina S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Reuters4 months ago

    Investor calls on EDP shareholders to block CTG's bid

    Activist investor Elliott called on Thursday for shareholders in EDP-Energias de Portugal to reject a reform of voting rights, in a move that could scupper a 9-billion-euro (£7.70 billion)takeover offer for EDP from China Three Gorges (CTG). CTG launched its bid for the utility in May 2018 on the condition that a 25-percent voting right limit was scrapped. All EDP shareholders have to keep to that limit, regardless of the stake they hold.

  • Exclusive: Portugal's EDP could create Latam JV with China Three Gorges if takeover bid fails - sources
    Reuters4 months ago

    Exclusive: Portugal's EDP could create Latam JV with China Three Gorges if takeover bid fails - sources

    LONDON/SAO PAULO (Reuters) - Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges (CTG) allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said. CTG, EDP's main shareholder with a 23 percent stake, is among Chinese state-backed companies that have been increasing their investments in European countries such as Portugal, Greece and Cyprus over the past few years.

  • Reuters4 months ago

    Portugal's EDP to sell Iberian power assets, invest $13.5 billion by 2022

    Portuguese utility company EDP announced plans to sell 2 billion euros' (1.7 billion pounds) worth of assets in Portugal and Spain, and raise another 4 billion euros via an asset rotation programme until 2022 to fund its expansion in renewable energy. EDP-Energias de Portugal is the target of a 9 billion euro takeover proposal by China Three Gorges (CTG), which the EDP board has rejected as too low and which is opposed by activist shareholder Elliott Advisors. In a strategic update on Tuesday EDP also earmarked 12 billion euros for capital expenditure between 2019 and 2022, with 75 percent of that to be spent in North America and Europe, CEO Antonio Mexia told investors and analysts during a presentation in London.

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of ENBR3.SA earnings conference call or presentation 28-Feb-19 6:00pm GMT

    Q4 2018 EDP Energias do Brasil SA Earnings Call

  • Reuters5 months ago

    EMERGING MARKETS-Latam stocks, FX sink on receding trade optimism, Trump-Kim meet

    (Recasts throughout, updates prices, adds market strategist's quote) By Agamoni Ghosh Feb 28 (Reuters) - Latin American stocks and currencies fell on Thursday as concerns about Sino-U.S. trade relations, weak Chinese data and an abrupt end to a U.S.-North Korea summit shrunk risk appetite. MSCI's index of Latin American stocks fell over 2 percent, dragged by heavy losses in Argentina and Brazil, while currencies in the region stumbled against the dollar after strong GDP numbers from the U.S. boosted the greenback. Adding to that, receding optimism on the U.S.-China trade talks and an abrupt end to a meeting between U.S President Donald Trump and North Korean leader Kim Jong Un on denuclearization, dampened sentiment.

  • Bloomberg5 months ago

    Elliott Tilts at a Chinese Windmill

    Armed with a 3 percent interest in Portuguese utility Energias de Portugal SA, the hedge fund has written to the board to oppose the 9.1 billion euro ($10.3 billion) takeover proposal from China Three Gorges Corp. Elliott has outlined a defense strategy that would have been better coming from EDP itself, and other shareholders can be grateful. Three Gorges made an low offer in May in the hope of taking its 23 percent stake over 50 percent, saying it wanted to take control and inject some of its own assets while keeping EDP listed in Lisbon. Whether the delay is caused by slow regulators or a hesitant Three Gorges, the specter of a takeover makes it hard for life to be business as usual.

  • Reuters5 months ago

    Elliott proposes 'superior' plan for Portuguese utility EDP

    Activist investor Elliott on Thursday challenged a bid by China Three Gorges for utility EDP-Energias de Portugal, saying it had a "superior" plan that included raising 7.6 billion euros from asset sales. State-owned CTG, which is already EDP's largest shareholder with a 23 percent stake, launched a 9 billion euro ($10.13 billion) bid for Portugal's biggest company in May last year. EDP's board has rejected the 3.26 euros per share offer as too low.

  • Reuters6 months ago

    Portugal's regulator says no sign CTG looking to drop bid for EDP

    There are no signs that China Three Gorges (CTG) is preparing to abandon its 9 billion euro (8 billion pounds)takeover bid for EDP-Energias de Portugal , an administrator at Portugal's CMVM securities market regulator said on Thursday. State-owned CTG, which is already the largest shareholder in EDP with a 23 percent stake, launched its bid for Portugal's biggest company in May last year.

  • Reuters7 months ago

    Presidente Xi quer aprofundar parceria com Portugal, reforçar projectos

    By Sergio Goncalves and Catarina Demony LISBOA, Dec 4 (Reuters) - A China quer aprofundar a parceria estratégica com Portugal, reforçando os projectos actuais e as trocas comerciais, visando criar novos ...

  • PR Newswire8 months ago

    EDP Energias do Brasil S.A. To Host Management Meeting On November 26, 2018

    SAO PAULO, Nov. 21, 2018 /PRNewswire/ -- EDP Energias do Brasil S.A. (ENBR3.SA) ("EDP" or the "Company") will host a Management Meeting on Monday, November 26, 2018 at Omni Berkshire Place New York (21 East 52nd Street at Madison Avenue). This event, held for analysts and institutional investors, will feature presentations by Miguel Setas (CEO), Henrique Freire (CFO) and Otavio Henriques (COO).

  • Moody's8 months ago

    Statkraft Energias Renovaveis S.A. -- Moody's affirms Statkraft Energias' corporate family ratings at Ba3/A1.br; stable outlook

    Moody's América Latina Ltda., (Moody's) today affirmed the Corporate Family Ratings (CFR) of Statkraft Energias Renovaveis S.A.(SKER) at Ba3 on the global scale and A1.br in the National scale. The outlook for all ratings is stable. The affirmations follow the announcement that SKER will acquire eight small operating hydropower plants from EDP - Energias do Brasil (EDPB, Ba2/Aa2.br stable), for a total amount of BRL704 million.