SSE - SSE Share Forecast, Price & News

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. It also produces, stores, distributes, and supplies gas. In addition, it engages in the electricity and utility contracting, telecommunications, energy trading, insurance, and property holding businesses, as well as provides maintenance services. The company was formerly known as Scottish and Southern Energy plc and changed its name to SSE plc in September 2011. SSE plc was incorporated in 1989 and is based in Perth, the United Kingdom.

SSE Stock Up 0.8 %

SSE Stock opened at GBX 1,788 ($21.60) on Monday. The company has a debt-to-equity ratio of 102.93, a current ratio of 1.49 and a quick ratio of 0.66. The stock has a market capitalization of £19.09 billion and a P/E ratio of 741.91. SSE has a fifty-two week low of GBX 1,510 ($18.25) and a fifty-two week high of GBX 1,935.50 ($23.39). The business has a 50-day moving average of GBX 1,722.25 and a 200-day moving average of GBX 1,722.44.

SSE Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, July 28th will be given a dividend of GBX 60.20 ($0.73) per share. The ex-dividend date is Thursday, July 28th. This represents a yield of 3.26%. This is an increase from SSE's previous dividend of $25.50. SSE's dividend payout ratio is 34.07%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SSE shares. Berenberg Bank reissued a "buy" rating and set a GBX 2,200 ($26.58) price target on shares of SSE in a research report on Tuesday, June 28th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of SSE in a research note on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,000 ($24.17) price target on shares of SSE in a research report on Thursday, May 26th. Barclays reiterated an "overweight" rating and issued a GBX 2,000 ($24.17) price objective on shares of SSE in a research report on Friday, May 27th. Finally, Morgan Stanley restated an "overweight" rating on shares of SSE in a report on Wednesday, May 11th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 1,909 ($23.07).

Insider Transactions at SSE

In other SSE news, insider Angela Strank purchased 483 shares of the stock in a transaction on Wednesday, May 25th. The shares were purchased at an average cost of GBX 1,849 ($22.34) per share, for a total transaction of £8,930.67 ($10,791.05). In other SSE news, insider Alistair Phillips-Davies sold 59,061 shares of the business's stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of GBX 1,756 ($21.22), for a total transaction of £1,037,111.16 ($1,253,155.10). Also, insider Angela Strank acquired 483 shares of the business's stock in a transaction dated Wednesday, May 25th. The stock was bought at an average cost of GBX 1,849 ($22.34) per share, with a total value of £8,930.67 ($10,791.05). Insiders acquired 492 shares of company stock valued at $909,374 in the last ninety days.