Alistair Phillips-Davies Acquires 31 Shares of SSE plc (LON:SSE) Stock

SSE plc (LON:SSE) insider Alistair Phillips-Davies purchased 31 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of GBX 1,508 ($19.01) per share, with a total value of £467.48 ($589.21).

SSE Stock Up 2.6 %

SSE stock traded up GBX 38 ($0.48) during mid-day trading on Friday, hitting GBX 1,528 ($19.26). 7,832,919 shares of the company were exchanged, compared to its average volume of 12,715,412. The company has a debt-to-equity ratio of 82.62, a quick ratio of 0.50 and a current ratio of 1.10. SSE plc has a 1-year low of GBX 1,460.50 ($18.41) and a 1-year high of GBX 2,019 ($25.45). The firm’s 50 day simple moving average is GBX 1,568.40 and its 200 day simple moving average is GBX 1,744.49. The firm has a market cap of £16.74 billion, a P/E ratio of 9.76, a P/E/G ratio of 3.06 and a beta of 0.56.

SSE Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, January 2nd were issued a dividend of GBX 21.20 ($0.27) per share. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 1.25%. SSE’s payout ratio is 38.33%.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “sell” rating on shares of SSE in a report on Thursday, December 5th.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation.
Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.