ELEZF - Endesa: A Utility With A Generous Safe 6.8% Yield And Regulatory Concerns
Endesa ([[ELEZY]], [[ELEZF]]) is a major Spanish electric and gas utility company. They boast a generous dividend yield and insulation from the impacts of the COVID-19 pandemic. Unfortunately, the business also carries several regulatory risks and a growing debt load that are cause for concern.
The Best Quarter In Years
The first quarter saw the profit increase more than 50% year over year. With EPS of $0.88 per share, more than double the amount reported in Q1 2019, $0.38.
This quarter saw an excellent performance from the liberalized (unregulated) electricity and gas segment