El dividendo sostenible de Enagás convence en Bolsa

Enagás' sustainable dividend attracts investors in the stock market. The company's quarter results have bolstered its position in the market, with the share price rising by 32.7% this year. The third-quarter results have further reinforced Enagás in the market.

On Tuesday, the market received the accounts with a 2.42% increase, which the gas company has increased after two more sessions going up. The group's strong figures up to September 30th have convinced investors and analysts. Early investors have taken positions anticipating the company's goal of achieving a recurring net profit of 235 million euros by the end of 2026 and an EBITDA of 620 million euros.

Analysts from Banco Sabadell conclude that Enagás' dividend seems bulletproof. The firm recommends overweighting Enagás with an objective price of 18.90 euros per share due to the potential of around 12% and the attractive and sustainable dividend of 1 euro per share. Bankinter also highlights results above consensus and that Enagás' management team maintains 2026 guidelines.

Following the accounts, the firm maintains its buy recommendation as the group is expected to grow in results in 2027; due to lower uncertainty and risk in its investment in France; the acquisition of 31.5% of French operator Teréga, which will have a positive impact on cash flow in the medium term; the medium and long-term opportunity provided by investments in green hydrogen and the attractive dividend return of almost 6% at current market prices.

After the results, Bloomberg's analyst consensus expected the dividend yield to remain completely stable at current levels for the next two years and gives Enagás a median price target of 17.62 euros per share, representing a gentle upside potential of 1% from current market levels. So far this year, Enagás has accumulated a 32.78% revaluation, reaching 17.46 euros, just shy of its historic high of 17.58 in July.

If it maintains its current levels until the end of the year, the gas company would close its best trading year in the stock market since 2004.