Sse Plc (LON:SSE) announced a dividend on Wednesday, November 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 18th will be paid a dividend of GBX 28.40 ($0.39) per share on Friday, March 16th. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, January 18th. The official announcement can be seen at this link.
Shares of SSE (LON SSE) traded up GBX 3 ($0.04) during trading hours on Friday, reaching GBX 1,321 ($17.91). 9,432,667 shares of the company’s stock were exchanged, compared to its average volume of 3,310,000. SSE has a 12-month low of GBX 1,272.97 ($17.26) and a 12-month high of GBX 1,570 ($21.29). The company has a market cap of $13,400.00 and a price-to-earnings ratio of 978.52.
SSE (LON:SSE) last released its earnings results on Wednesday, November 8th. The company reported GBX 31.20 ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 30.30 ($0.41) by GBX 0.90 ($0.01). SSE had a net margin of 2.93% and a return on equity of 9.69%. The company had revenue of GBX 1,218.41 billion for the quarter.
A number of research firms have issued reports on SSE. Deutsche Bank restated a “sell” rating and set a GBX 1,250 ($16.95) target price on shares of SSE in a research report on Friday. Citigroup restated a “neutral” rating and set a GBX 1,388 ($18.82) target price on shares of SSE in a research report on Wednesday, November 8th. Credit Suisse Group restated a “restricted” rating on shares of SSE in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,540 ($20.88) target price on shares of SSE in a research report on Wednesday, November 8th. Finally, Berenberg Bank cut their target price on shares of SSE from GBX 1,650 ($22.38) to GBX 1,600 ($21.70) and set a “buy” rating on the stock in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,534.93 ($20.82).
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.
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