SSE plc (LON:SSE) Insider Alistair Phillips-Davies Sells 10,348 Shares

Posted by on Jun 8th, 2023

SSE plc (LON:SSE – Get Rating) insider Alistair Phillips-Davies sold 10,348 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of GBX 1,853 ($23.04), for a total value of £191,748.44 ($238,374.49).

SSE Stock Down 1.8 %

Shares of SSE stock opened at GBX 1,847.50 ($22.97) on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.01 and a debt-to-equity ratio of 95.17. SSE plc has a 12 month low of GBX 1,405 ($17.47) and a 12 month high of GBX 1,919 ($23.86). The business has a fifty day simple moving average of GBX 1,848.32 and a 200 day simple moving average of GBX 1,764.40. The stock has a market cap of £20.14 billion, a PE ratio of -12,316.67, a price-to-earnings-growth ratio of 4.07 and a beta of 0.57.

SSE Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, July 27th will be paid a GBX 67.70 ($0.84) dividend. This represents a yield of 3.62%. This is a boost from SSE’s previous dividend of $29.00. The ex-dividend date of this dividend is Thursday, July 27th. SSE’s payout ratio is presently -64,666.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,050 ($25.48) target price on shares of SSE in a research report on Thursday, May 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,100 ($26.11) price objective on shares of SSE in a research note on Monday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of SSE in a research note on Wednesday, March 8th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, SSE has an average rating of “Moderate Buy” and a consensus price target of GBX 1,949.88 ($24.24).

SSE Company Profile

(Get Rating)

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.

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