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Iberdrola Hits Market-Cap Peaks as US Dealmaker Pedro Azagra Becomes Global CEO

Analysts endorse the new strategy with price targets clustered around €18 to €19 per share.

Overview

  • The company has repeatedly surpassed €110 billion in market value, consolidating its position as the Ibex's second-largest stock behind Inditex.
  • Under Ignacio Sánchez Galán’s tenure since 2001, Iberdrola’s share price has risen roughly 300%, creating about €90 billion in value.
  • Iberdrola reports €7.7 per share in dividends paid to date and signals at least nearly €2.6 more through 2028 under a minimum payout of €0.64 per year.
  • Pedro Azagra, long credited with building the US platform, helped drive the 2006 Energy East purchase and the 2015 UIL merger that formed Avangrid.
  • After regulators derailed the roughly €8 billion PNM deal, Iberdrola acquired the remaining 18% of Avangrid and delisted the US unit to refocus on organic growth.