Naturgy (NTGY) Stock Price, Fundamentals & Analysis

What NTGY does

Naturgy (NTGY) is a utilities company listed on the Bolsa de Madrid, operating in the Utilities - Regulated Gas industry. Through its Distribution Networks and Energy Markets segments, the company is involved in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas. It also manages conventional thermal generation facilities and renewable projects, including wind, solar, hydroelectric, cogeneration, and green hydrogen. Naturgy operates across Spain, Australia, the United States, Latin America, and Europe. Formerly known as Gas Natural SDG, S.A., it changed its name in June 2018. Investors often compare it with peers such as Endesa (ELE) and Iberdrola (IBE) in the European utilities space.

Key numbers explained

• 29,1 EUR is the current share price, sitting within its 52-week range of 24,3 – 30,04. A price near the top of this range suggests the stock has appreciated significantly over the past year.
• The trailing P/E ratio of 13,4 shows investors pay roughly 13.4 EUR for every 1 EUR of earnings. Compared to peers like Enagás (ENG), this is a way to gauge relative valuation.
• The forward P/E ratio of 13,9 reflects expectations of slightly lower future earnings, as it is higher than the trailing figure.
• The dividend yield of 8,25% is notably high, meaning NTGY distributes a large share of profits — 82% of earnings are paid out as dividends, with the next ex-dividend date on Jul 27, 2026.
• EPS of 2,17 EUR represents the portion of profit allocated to each share over the trailing 12 months.
• A beta of 0,46 indicates the stock historically moves less than the broader market, making it relatively defensive.
• The debt-to-equity ratio of 140,8% signals significant leverage, common in capital-intensive utilities.
• ROE of 22,9% and an operating margin of 23,7% reflect efficient use of equity and strong core profitability.

What to watch

Regulated gas tariffs and government energy policy directly affect Naturgy's revenues, as the company operates in heavily regulated markets. Interest rate movements influence utilities stocks because their high dividend yields compete with bond yields. The company's exposure to LNG markets and global energy prices can create volatility in its Energy Markets segment. Earnings reports, such as the next one scheduled for Jul 22, 2026, may shift investor sentiment. Monitoring peers listed on the Bolsa de Madrid stocks page helps contextualize NTGY's performance.