SSE plc (SSE) To Go Ex-Dividend on July 27th

SSE plc (LON:SSE – Get Rating) announced a dividend on Wednesday, May 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 27th will be paid a dividend of GBX 67.70 ($0.84) per share on Thursday, September 21st. This represents a dividend yield of 3.62%. The ex-dividend date is Thursday, July 27th. This is a positive change from SSE’s previous dividend of $29.00. The official announcement can be accessed at this link.

SSE Stock Performance

Shares of SSE stock opened at GBX 1,839.69 ($22.88) on Friday. SSE has a 12-month low of GBX 1,405 ($17.48) and a 12-month high of GBX 1,919 ($23.87). The company has a debt-to-equity ratio of 95.17, a current ratio of 1.01 and a quick ratio of 0.50. The firm has a market capitalization of £20.05 billion, a price-to-earnings ratio of 1,914.95, a price-to-earnings-growth ratio of 4.00 and a beta of 0.57. The business has a 50 day simple moving average of GBX 1,823.20 and a 200 day simple moving average of GBX 1,749.40.

Insider Activity

In other news, insider Martin Pibworth bought 48 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average cost of GBX 1,757 ($21.85) per share, with a total value of £843.36 ($1,048.96). In other SSE news, insider Martin Pibworth bought 48 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average price of GBX 1,757 ($21.85) per share, with a total value of £843.36 ($1,048.96). Also, insider John Bason purchased 2,117 shares of the stock in a transaction dated Thursday, May 25th. The shares were acquired at an average price of GBX 1,889 ($23.50) per share, for a total transaction of £39,990.13 ($49,738.97). Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,100 ($26.12) price target on shares of SSE in a report on Monday, April 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of SSE in a research note on Wednesday, March 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,050 ($25.50) price target on shares of SSE in a research report on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,949.88 ($24.25).

SSE Company Profile

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SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.