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EDP Energias de Portugal SA (EDP.LS)

EDP.LS on Lisbon Stock Exchange

3.47EUR
22 May 2018
Change (% chg)

€-0.01 (-0.32%)
Prev Close
€3.49
Open
€3.49
Day's High
€3.51
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€3.45
Volume
2,532,355
Avg. Vol
8,171,049
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€3.53
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€2.63

Latest Key Developments (Source: Significant Developments)

EDP: Capital Group, CIB And WGI Decrease Their Stakes
Monday, 21 May 2018 01:51am EDT 

May 21 (Reuters) - EDP Energias de Portugal SA ::SAID ON FRIDAY CAPITAL GROUP COMPANIES INC. (CAPITAL GROUP) NOTIFIED EDP IT DECREASED ITS QUALIFYING SHAREHOLDING TO 9.973 PERCENT OF EDP'S SHARE CAPITAL AND VOTING RIGHTS.SAYS CAPITAL GROUP NOW HOLDS 364.7 MLN SHARES OF EDP AND 10 AMERICAN DEPOSITARY RECEIPTS (ADR), EACH ADR CORRESPONDING TO 10 SHARES OF EDP.SAYS ABOVEMENTIONED SHARES AND ADR ARE INDIRECTLY HELD BY CAPITAL GROUP.CAPITAL INCOME BUILDER (CIB) NOTIFIED EDP IT DECREASED ITS QUALIFYING SHAREHOLDING TO 4.873 PERCENT OF EDP'S SHARE CAPITAL AND VOTING RIGHTS.SAYS CIB NOW HOLDS 178.2 MILLION SHARES OF EDP.CAPITAL WORLD GROWTH AND INCOME FUND (WGI) NOTIFIED EDP IT DECREASED ITS QUALIFYING SHAREHOLDING TO 1.979 PERCENT OF EDP'S SHARE CAPITAL AND VOTING RIGHTS.SAYS WGI NOW HOLDS 72.4 MILLION SHARES OF EDP.  Full Article

EDP Maintains 2018 Outlook Assuming Hydro Normalization For Rest Of Year And Recent Regulatory Changes In Portugal
Friday, 11 May 2018 05:55am EDT 

May 11 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::MAINTAINS 2018 OUTLOOK ASSUMING HYDRO NORMALIZATION FOR REST OF YEAR AND RECENT REGULATORY CHANGES IN PORTUGAL.  Full Article

EDP Brasil Launches Bid For Up To 33.6 Pct Of Celesc‍​
Tuesday, 27 Mar 2018 08:06am EDT 

March 27 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAYS EDP BRASIL LAUNCHES BID FOR UP TO 33.6 PERCENT OF CELESC.  Full Article

EDP Brasil Buys 14.5 Pct Of Celesc, To Launch Bid For Up To 33.6 Pct
Thursday, 22 Mar 2018 02:51am EDT 

March 22 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAID ON WEDNESDAY CONCLUDED PURCHASE OF 33.1 PERCENT OF ORDINARY SHARES AND 1.9 PERCENT OF PREFERRED SHARES OF CELESC FROM CAIXA DE PREVIDENCIA DOS FUNCIONARIOS DO BANCO DO BRASIL.SAYS PURCHASED SHARES CORRESPOND TO 14.46 PERCENT OF TOTAL SHARES OF CELESC.SAYS TRANSACTION PRICE IS 244 MILLION BRAZILIAN REALS.TO LAUNCH VOLUNTARY TAKE-OVER BID FOR UP TO 32 PERCENT OF PREFERRED SHARES OF CELESC FOR A PRICE OF 27 BRAZILIAN REALS PER SHARE, CORRESPONDING TO POTENTIAL TOTAL AMOUNT OF 199 MILLION BRAZILIAN REALS FOR 19.1 PERCENT OF TOTAL SHARES OF CELESC.  Full Article

EDP Signs A 5-Year Revolving Credit Facility For 2.24 Bln Euros
Wednesday, 7 Mar 2018 11:50am EST 

March 7 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SIGNS A 5-YEAR REVOLVING CREDIT FACILITY FOR 2.24 BILLION EUROS.SAYS CREDIT FACILITY REPLACES 2.00 BILLION EURO FACILITY SIGNED IN 2015 WITH 16 BANKS, THAT WAS DUE TO MATURE IN FEB 2020‍​.  Full Article

Portugal EDP 2017 net profit, EBITDA miss expectations
Thursday, 1 Mar 2018 12:03pm EST 

March 1 (Reuters) - EDP Energias De Portugal Sa ::EDP-ENERGIAS DE PORTUGAL 2017 NET PROFIT 1.113 BILLION EUROS VERSUS AVERAGE ANALYSTS FORECAST OF 1.35 BILLION EUROS.EDP-ENERGIAS DE PORTUGAL SAYS RECURRING 2017 NET PROFIT FALLS 8 PERCENT TO 845 MILLION EUROS.EDP-ENERGIAS DE PORTUGAL 2017 EBITDA AT 3.990 BILLION EUROS VERSUS AVERAGE FORECAST OF 4.02 BILLION EUROS.EDP-ENERGIAS DE PORTUGAL SAYS NET DEBT AT END-2017 13.9 BILLION EUROS VERSUS 15.92 BILLION EUROS YEAR EARLIER.EDP-ENERGIAS DE PORTUGAL 2017 REVENUE FALLS 6 PERCENT TO 5.39 BILLION EUROS.  Full Article

EDPR Secures 50 MW Long-Term Contract In US
Monday, 12 Feb 2018 12:00pm EST 

Feb 12 (Reuters) - EDP RENOVAVEIS SA ::SECURES 50 MW LONG-TERM CONTRACT IN US.CONTRACT SECURED WITH NESTLÉ TO SELL ENERGY PRODUCED FROM MEADOW LAKE VI WIND FARM.  Full Article

EDPR Awarded Long Term Contracts For 218 MW At Brazilian Energy Auction
Thursday, 21 Dec 2017 03:05am EST 

Dec 21 (Reuters) - EDP RENOVAVEIS SA ::SAID ON WEDNESDAY, THROUGH ITS SUBSIDIARY EDP RENOVAVEIS BRASIL, SECURED A 20-YEAR POWER PURCHASE AGREEMENT (PPA) AT BRAZILIAN ENERGY AUCTION TO SELL ELECTRICITY IN REGULATED MARKET.ENERGY WILL BE PRODUCED BY TWO WIND FARMS TO BE INSTALLED IN THE STATE OF RIO GRANDE DO NORTE WITH REGISTERED CAPACITY OF 121.8 MW AND 97.1 MW.THE INITIAL AWARDED PRICE OF CONTRACTS WAS SET AT R$99/MWH AND R$97/MWH RESPECTIVELY.COMMERCIAL OPERATION EXPECTED TO OCCUR IN JANUARY 2023.  Full Article

EDP: Regulator Announces Electricity Tariffs For 2018
Monday, 18 Dec 2017 02:06am EST 

Dec 18 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAID ON SUNDAY PORTUGUESE ENERGY SERVICES REGULATORY AUTHORITY (ERSE) ASSUMPTION FOR AVERAGE ELECTRICITY PURCHASE COST IN 2018 BY LAST RESORT SUPPLIER, EDP SERVICO UNIVERSAL, WAS REVISED UPWARDS FROM 51 EUROS/MWH TO 54 EUROS/MWH.REGULATED GROSS PROFIT FOR ACTIVITY OF ELECTRICITY DISTRIBUTION IN 2018, OPERATED BY SUBSIDIARY EDP DISTRIBUICAO, WAS REDUCED BY 14 MILLION EUROS TO 1.06 BILLION EUROS.FINAL ANNUAL RATE OF RETURN (ROR) FOR 2018-2020 WAS REVISED DOWNWARDS COMPARED TO PRELIMINARY PROPOSAL OF ERSE.THE FLOOR LIMIT WAS MOVED FROM 5.0 PCT TO 4.75 PCT.THE CAP LIMIT WAS MOVED FROM 10.0 PCT TO 9.75 PCT .FOR THE HIGH AND MEDIUM VOLTAGE DISTRIBUTION SEGMENT, THE PRELIMINARY RATE OF RETURN FOR 2018 WAS MAINTAINED AT 5.75 PCT BEFORE TAXES.  Full Article

EDP sells 584 mln euros of securitization of electricity tariff deficit in Portugal
Thursday, 23 Nov 2017 01:27am EST 

Nov 23 (Reuters) - EDP ENERGIAS DE PORTUGAL SA ::SAID ON WEDNESDAY EDP SERVICO UNIVERSAL SA (EDP SU) SELLS A PORTION OF 2017 TARIFF DEFICIT TO TAGUS - SOCIEDADE DE TITULARIZACAO DE CREDITOS SA, IN THE AMOUNT OF 584 MILLION EUROS.TAGUS WILL FINANCE TRANSACTION THROUGH ISSUANCE OF 600 MILLION EUROS OF SENIOR NOTES, OF WHICH 5 PERCENT WILL BE RETAINED BY EDP SU.2017 TARIFF DEFICIT RESULTED FROM DEFERRAL, FOR A PERIOD OF 5 YEARS, OF RECOVERY OF 2017 OVER COSTS RELATED WITH ACQUISITION OF ELECTRICITY FROM SPECIAL REGIME GENERATORS.  Full Article

Norway wealth fund raised stake in EDP after China takeover bid

LISBON, May 18 Norges Bank, which manages Norway's sovereign wealth fund, increased its stake in Portuguese utility EDP-Energias de Portugal May 14 after China Three Gorges announced a 9 billion euro ($10.60 billion) takeover bid for the company, EDP said in a statement.