Iberdrola (OTCMKTS:IBDRY) Shares Down 2.6% - Time to Sell?

Key Points

• Iberdrola S.A. shares declined by 2.6% to trade at $70.55, with a substantial increase in trading volume, showing 886,315 shares exchanged compared to an average of 82,281 shares.
• Analysts upgraded Iberdrola to a "buy" rating, even as the company reported a quarterly earnings per share (EPS) of $1.10, exceeding expectations of $1.06.
• The company recently cut its dividend, announcing a payment of $0.0175 per share, resulting in a yield of 1.03% and a high payout ratio of 89.43%.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) shares fell 2.6% during mid-day trading on Monday . The company traded as low as $70.54 and last traded at $70.55. 886,315 shares changed hands during trading, an increase of 977% from the average session volume of 82,281 shares. The stock had previously closed at $72.43.

Analysts Set New Price Targets

Separately, Dbs Bank raised shares of Iberdrola to a "buy" rating in a research note on Friday, April 25th.

Iberdrola Stock Up 0.5%

The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $73.89 and a 200-day moving average price of $66.55. The firm has a market cap of $113.68 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.91 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.04. Iberdrola had a return on equity of 8.18% and a net margin of 11.30%. The business had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.73 billion. On average, equities analysts forecast that Iberdrola S.A. will post 3.57 EPS for the current fiscal year.

Iberdrola Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, May 26th were issued a $0.0175 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 103.0%. Iberdrola's dividend payout ratio (DPR) is currently 89.43%.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.