SNMRY News and Press, Snam SpA ADR From 10/17/23

2023-10-17 11:45:00 ET Summary European utilities are at the forefront of the green energy transition on the continent. Investment needs have significantly increased over the years and 2024 will see another 5% expansion in capex. Inflation and the higher cost of materials mean...

2023-08-29 00:42:16 ET Summary Ariel Investments' 13F portfolio value increased by 2% to $10.56B in Q2 2023. The portfolio is diversified with around 150 positions, with the largest stakes in Baidu, Mattel, Philip Morris, Kennametal, and Generac Holdings. The Ariel Fund has a ...

2023-08-22 12:05:53 ET Summary E.ON's H1 financial figures were positive, with a 40% increase in adj. EBITDA and profit at €2.3 billion. The company now plans to increase CAPEX investments and upgrade its FY23 outlook. Higher estimates but also an increase in debt. We d...

2023-07-29 21:20:04 ET Snam S.p.A. (SNMRF) Q2 2023 Earnings Conference Call July 27, 2023, 09:00 AM ET Company Participants Francesca Pezzoli - Head of Investor Relations Stefano Venier - Chief Executive Officer Luca Passa - Chief Financial Officer Conferen...

2023-05-14 22:28:02 ET Snam S.p.A Q1 2023 Earnings Conference Call May 11, 2023 04:00 AM ET Company Participants Francesca Pezzoli - Head of Investor Relations Stefano Venier - Chief Executive Officer Luca Passa - Chief Financial Officer Conference Call Par...

2023-05-09 19:32:00 ET Summary The Top 40 European utilities will invest a total of €128bn in 2023. According to the European integrated utilities' capital expenditure plans, 48% of their investments will be dedicated to renewables, representing about €46bn in total....

2023-03-28 22:52:02 ET Summary Ariel Investments’ 13F portfolio value increased from $9.11B to $9.85B this quarter. They increased Verizon and Generac Holdings while reducing Manchester United, Credicorp, and KKR. The top three positions are Philip Morris, Baidu, and Ma...

2023-03-16 11:21:05 ET Snam S.p.A. (SNMRF) Q4 2022 Earnings Conference Call March 16, 2023, 05:00 AM ET Company Participants Francesca Pezzoli - Head of Investor Relations Stefano Venier - Chief Executive Officer Luca Passa - Chief Financial Officer Confere...

2023-03-16 04:52:09 ET The following slide deck was published by Snam S.p.A. in conjunction with their 2022 Q4 earnings call. For further details see: Snam S.p.A. 2022 Q4 - Results - Earnings Call Presentation

Summary Looking at the numbers, Snam is a safer company compared to Enagas (based on credit metrics and Regulatory Asset Based evolution). Snam offers the best opportunity to capture EU hydrogen growth. However, Enagas has a compelling valuation with a 10% dividend yield (the Italia...