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    NTGY   ES0116870314

NATURGY ENERGY GROUP, S.A.

(NTGY)
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Naturgy to Invest $1.09 Billion in Spanish Networks via Distribution Unit

06/21/2021 | 08:13am EDT

By Joshua Kirby

Naturgy Energy Group SA is to invest 920 million euros ($1.09 billion) in its electricity networks in Spain as part of a drive toward digitalization and the energy transition.

The Spanish energy firm said Monday that it will invest the money via its electricity-distribution subsidiary UFD over the next three years to 2024.

A third of the money will go to digitalizing the network, another third to integrating the new generation of renewable energy and the remainder to connecting new consumers, Naturgy said. The investment will be focused principally on the north-western region of Galicia, and the rest on the central part of Spain including Madrid.

"For Naturgy, the energy transition is an opportunity," said Naturgy's director general of energy and network management, Pedro Larrea.

The transformation of distribution networks will allow better provision, as well as digital and more environmentally-friendly services for customers, he added.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

06-21-21 0812ET

Stocks mentioned in the article
ChangeLast1st jan.
NATURGY ENERGY GROUP, S.A. 0.32% 21.67 Delayed Quote.13.66%
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Analyst Recommendations on NATURGY ENERGY GROUP, S.A.
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Financials
Sales 2021 17 633 M 20 639 M 20 639 M
Net income 2021 1 285 M 1 505 M 1 505 M
Net Debt 2021 11 944 M 13 980 M 13 980 M
P/E ratio 2021 16,2x
Yield 2021 5,57%
Capitalization 20 708 M 24 249 M 24 238 M
EV / Sales 2021 1,85x
EV / Sales 2022 1,79x
Nbr of Employees 8 552
Free-Float 27,7%
Chart NATURGY ENERGY GROUP, S.A.
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Naturgy Energy Group, S.A. Technical Analysis Chart | NTGY | ES0116870314 | MarketScreener
Technical analysis trends NATURGY ENERGY GROUP, S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 21,55 €
Average target price 22,03 €
Spread / Average Target 2,24%
EPS Revisions
Managers and Directors
Francisco Miguel ReynÚs Massanet Chairman & Chief Executive Officer
Carlos Ayuso Salinas Director-Internal Audit, Compliance & Control
Ramˇn Adell Ramˇn Independent Director
Francisco Belil Creixell Independent Director
Helena Herrero Starkie Independent Director
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