Engie (ENGIE.PA) is a major French multinational utility company with a market capitalization of €37.09 billion as of July 25, 2023. Founded in 1822 as the Société Générale pour l'Industrie, it has a long and storied history. Originally focused on gas distribution, the company expanded over the years to encompass electricity generation, renewable energy, and various energy-related services.
In 2008, the company was rebranded as Engie, reflecting its commitment to sustainable energy solutions. It has since emerged as a global leader in the transition to low-carbon energy, emphasizing renewables and green technologies. The company went public in 2005, trading on the Euronext Paris stock exchange. It continues to play a crucial role in shaping the future of energy by promoting eco-friendly practices and innovations.
Let’s start by taking a look at the highest and lowest stock price points for Engie over the past five years. The highest stock price reached was €16.80 in February 2020, while the lowest stock price reached was €8.63 in April 2020. This substantial drop in price may have been due to external factors, such as the COVID-19 pandemic, which caused global stock markets to plummet.
When analysing this stock, traders may consider using various tools and indicators to make informed decisions. For example, they may use technical indicators such as moving averages to identify trends or patterns in the stock price. They could also use fundamental analysis to evaluate the company's financial reports and industry trends.
One trading strategy that traders could utilise when analysing Engie’s stock price is "swing trading" strategy, which involves holding a stock for a short period (usually a few days to a few weeks) and profiting from small price movements.
Investors and traders face many challenges when it comes to selecting the right stocks to invest in. One important factor is to compare and analyze the company's competitors to gain insight in a particular industry before making decisions. They include:
- E.ON SE (EOAN.DE): E.ON SE is a German-based power and gas company and a tough competitor in Europe. It offers renewable energy, energy efficiency and various other services.
- RWE AG (RWE.DE): Founded in 1898, RWE is a German energy company that specializes in power generation, trading, and transmission. The company operates through various subsidiaries and divisions, including RWE Renewables and RWE Supply & Trading.
Conducting in-depth research and analyzing market trends of the competitors may help you make informed investment decisions.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
What are the factors that could affect Engie's stock price?
There are several factors that could affect Engie's stock price. Firstly, financial performance plays a significant role, with factors such as earnings, revenue growth, and profitability impacting traders' sentiment. Additionally, energy market conditions, including fluctuations in energy prices and renewable energy trends, could influence the company's operations and thus its stock price.
Government policies and regulations related to the energy sector, particularly those concerning renewable energy and carbon emissions, also play a part. Mergers, acquisitions, and strategic partnerships could impact the stock price as well, along with overall market sentiment and macroeconomic factors. It is essential to note that Engie's stock price could be influenced by a multitude of factors, and traders should conduct thorough research and analysis before making trading decisions.
Who owns Engie?
As of June 30, 2023, Engie SA has a diverse ownership structure. The top institutional shareholders and their respective ownership percentages are as follows:
- Oregon Public Employees Retirement Fund: Holds 1,322,000 shares, representing 0.05% ownership.
- Pacer Advisors, Inc.: Holds 28,122 shares, representing 0.00% ownership.
Among the top mutual fund holders are:
- Capital Income Builder, Inc.: Holds 31,630,013 shares, representing 1.30% ownership.
- New Perspective Fund Inc: Holds 20,227,457 shares, representing 0.83% ownership.
- Capital World Growth and Income Fund: Holds 15,967,331 shares, representing 0.66% ownership.
Other notable mutual fund holders include Price (T.Rowe) Overseas Stock Fund, Vanguard Specialized-Energy Fund, Europacific Growth Fund and MFS Institutional International Equity Fund. These ownership percentages and holdings may vary over time due to the buying and selling of shares.
How do I analyze Engie stock CFDs?
To analyze Engie stock CFDs, you could use a combination of technical and fundamental analysis. Technical analysis involves studying historical price patterns, chart patterns, and indicators like moving averages or Relative Strength Index (RSI) to identify trends and potential entry or exit points.
Fundamental analysis focuses on evaluating the company's financial health, industry trends, and news. Consider factors such as revenue growth, earnings reports, management performance, and sustainability initiatives. Additionally, assesses macroeconomic factors, regulatory changes, and energy sector trends that could impact Engie's stock performance.
By combining these analyses, you could gain insights into the stock's potential direction and make more informed trading decisions. Please note, that analysis alone does not guarantee future performance.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.