Enel (OTCMKTS:ENLAY) Sees Large Volume Increase Following Dividend Announcement

Enel SpA (OTCMKTS:ENLAY) saw unusually-strong trading volume on Wednesday after the company announced a dividend. Approximately 1,414,272 shares changed hands during mid-day trading, an increase of 199% from the previous session’s volume of 473,356 shares.The stock last traded at $9.11 and had previously closed at $9.11.

The newly announced dividend which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a dividend of $0.1428 per share. The ex-dividend date is Tuesday, July 22nd. This represents a yield of 2.9%. Enel’s dividend payout ratio (DPR) is 32.88%.

Analyst Ratings Changes

ENLAY has been the subject of a number of analyst reports. Barclays reissued an “overweight” rating on shares of Enel in a research report on Friday, May 23rd. BNP Paribas cut shares of Enel from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 3rd.

Enel Stock Up 0.4%

The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $9.15 and a 200-day moving average price of $8.12.

Enel (OTCMKTS:ENLAY) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Enel had a return on equity of 13.98% and a net margin of 8.70%. The firm had revenue of $24.89 billion during the quarter, compared to the consensus estimate of $19.69 billion. As a group, research analysts forecast that Enel SpA will post 0.71 earnings per share for the current year.

Enel Company Profile

Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.