SSE (OTCMKTS:SSEZY) Sees Strong Trading Volume - Still a Buy?

Key Points

• SSE PLC experienced a 184% increase in trading volume, with approximately 439,993 shares traded on Tuesday, reflecting heightened investor interest.
• Analysts revised their rating for SSE from a "strong-buy" to a "hold," though the consensus remains a "Moderate Buy" among equity research analysts.
• The company announced a recent dividend increase to $0.537 per share, representing a significant rise from the previous dividend of $0.27 and a notable yield of 310.0%.

SSE PLC (OTCMKTS:SSEZY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 439,993 shares were traded during trading, an increase of 184% from the previous session's volume of 154,819 shares.The stock last traded at $23.20 and had previously closed at $23.02.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of SSE from a "strong-buy" rating to a "hold" rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, SSE has a consensus rating of "Moderate Buy".

SSE Stock Up 1.2%

The business's fifty day moving average is $23.80 and its 200-day moving average is $23.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 0.91.

SSE Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 25th. Shareholders of record on Monday, July 28th were issued a dividend of $0.537 per share. This represents a dividend yield of 310.0%. This is a positive change from SSE's previous dividend of $0.27. The ex-dividend date of this dividend was Friday, July 25th.

About SSE

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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