Enel SpA (OTCMKTS:ENLAY – Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.20 and traded as low as $7.11. Enel shares last traded at $7.14, with a volume of 655,351 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ENLAY. Barclays raised Enel to a “strong-buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Enel in a report on Wednesday, October 2nd. They issued a “hold” rating on the stock.
Get Our Latest Stock Analysis on ENLAY
Enel Price Performance
Enel Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.2315 per share. The ex-dividend date is Tuesday, January 21st. This is an increase from Enel’s previous dividend of $0.12.
About Enel
Enel SpA operates as an integrated operator in electricity and gas industries worldwide. It generates, distributes, transmits, and sells electricity; transports and markets natural gas; and constructs and operates generation plants and distribution grids. The company also provides energy management services; e-vehicle charging infrastructure for public and private customers; and engages in the energy commodities business.
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