|Day's range||12.95 - 13.05|
|52-week range||7.04 - 13.08|
|PE ratio (TTM)||117.12|
|Dividend & yield||0.30 (2.33%)|
|1y target est||N/A|
Spanish power and gas company Gas Natural (GAS.MC) has approached Portuguese rival EDP (EDP.LS) about merging to form Europe's fourth biggest utility by market value, people familiar with the matter said on Monday. Talks over a potential 35 billion euro ($40 billion) deal and its potential structure are still at an early stage and there is no certainty over their outcome, four sources said, although Gas Natural chairman Isidre Faine has already sounded out his Portuguese counterpart Antonio Mexia about a tie-up. A Gas Natural-EDP merger is seen as a good strategic fit as EDP has made big headway in renewable power while Gas Natural remains strong in gas-fired or coal generated electricity.
Rating Action: Moody's affirms Calidda's Baa3 senior unsecured rating; Outlook positive. Global Credit Research- 27 Jun 2017. Approximately USD320 million rated debt impacted.
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Gas Natural, Inc. with the following peers – Northwest Natural Gas Company, RGC Resources, Inc., Southwest Gas Holdings, Inc., MDU Resources Group, Inc., Chesapeake Utilities Corporation, South Jersey Industries, Inc., Delta Natural Gas Company, Inc., NiSource Inc, NorthWestern Corporation and Dominion Energy Inc (NWN-US, RGCO-US, ... Read more (Read more...)