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Red Electrica Corporacion SA RED Stock Quote

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XMAD:RED

Morningstar‘s Stock Analysis RED

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Is it the right time to buy or sell?

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5-Star Price

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Economic Moat

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Capital Allocation

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Red Electrica's Dividend Visibility Is Lower Than Most of the European Utilities

Tancrede Fulop, CFA Senior Equity Analyst

Business Strategy and Outlook

| Tancrede Fulop, CFA |

Red Electrica's fully regulated electric transmission business has protected the company from the doldrums faced by most diversified European utilities between 2011 and 2016. During the 2014-19 regulatory period, Red Electrica has delivered 7% annual dividend.

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Key Statistics RED

Company Profile RED

Business Description

Red Electrica owns and operates the Spanish electric transmission system. The company has acquired almost all of the nation's power grid, which other owners were forced to sell to it by government decree. Its activities are regulated by the National Energy Commission, which answers to the Spanish legislature. Red also operates a small fibre-optics network in Spain and has a growing Latin American infrastructure business. The group significantly increased its exposure to telecommunications by acquiring Spanish communications satellite operator Hispasat from Abertis in 2019.

Contact
Paseo del Conde de los Gaitanes, 177, Alcobendas
Madrid, 28109, Spain
T +34 916508500
Industry Utilities - Regulated Electric
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 2,377

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