SSE plc (LON:SSE) has been given an average rating of “Hold” by the ten research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 1,506.38 ($19.68).
Several brokerages recently commented on SSE. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,500 ($19.60) price objective on shares of SSE in a research report on Thursday, May 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of SSE to a “neutral” rating and set a GBX 1,554 ($20.30) price target for the company in a report on Monday, May 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of SSE in a research note on Thursday, March 11th.
In other SSE news, insider Helen M. Mahy acquired 1,283 shares of the business’s stock in a transaction dated Wednesday, May 26th. The stock was acquired at an average cost of GBX 1,544 ($20.17) per share, for a total transaction of £19,809.52 ($25,881.26).
The firm also recently declared a dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, July 29th will be given a dividend of GBX 56.60 ($0.74) per share. The ex-dividend date is Thursday, July 29th. This represents a yield of 3.65%. This is an increase from SSE’s previous dividend of $24.40. SSE’s dividend payout ratio is currently 0.37%.
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from water, 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 also central southern England; and owns and operates 132 kilovolts (KV), 275kV, and 400kV electricity transmission network using high voltage overhead lines, and underground and subsea cables.
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