SSE (OTCMKTS:SSEZY) Sees Large Volume Increase - Here's What Happened

Key Points

• SSE (OTCMKTS:SSEZY) experienced a significant 19% increase in trading volume with approximately 181,193 shares trading, while the stock price fell to $24.97 from a previous close of $25.33.
• Wall Street analysts maintain a consensus "Buy" rating for SSE, with Morgan Stanley reaffirming an "overweight" rating and two analysts recommending a strong buy.
• The company declared a dividend increase to $0.537 per share, representing a yield of 3.1%, a boost from its previous dividend of $0.27.

Sse Plc (OTCMKTS:SSEZY - Get Free Report) shares saw an uptick in trading volume on Monday . 181,193 shares traded hands during trading, an increase of 19% from the previous session's volume of 152,443 shares.The stock last traded at $24.97 and had previously closed at $25.33.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an "overweight" rating on shares of SSE in a report on Friday, May 23rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy".

SSE Stock Up 0.6%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.91 and a current ratio of 1.01. The stock has a 50-day simple moving average of $25.09 and a 200-day simple moving average of $22.23.

SSE Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 25th. Stockholders of record on Monday, July 28th will be issued a $0.537 dividend. This is a positive change from SSE's previous dividend of $0.27. The ex-dividend date is Friday, July 25th. This represents a dividend yield of 310.0%.

SSE Company Profile

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.