Zacks Investment Research upgraded shares of SSE PLC/S (OTCMKTS:SSEZY) from a sell rating to a hold rating in a research note published on Saturday.
According to Zacks, “SSE PLC is engaged in the generation, transmission, distribution, and supply of electricity in the United Kingdom and Ireland. The Company also stores and distributes natural gas and provides other energy-related services. It operates a telecommunications network that offers bandwidth and capacity to companies, public sector organizations, Internet service providers, and others. SSE PLC, formerly known as Scottish and Southern Energy plc, is based in Perth, the United Kingdom. “
Several other equities analysts have also recently issued reports on SSEZY. Goldman Sachs Group restated a buy rating on shares of SSE PLC/S in a research note on Tuesday, January 8th. Credit Suisse Group restated an outperform rating on shares of SSE PLC/S in a research note on Thursday, January 10th. Finally, UBS Group cut SSE PLC/S from a buy rating to a neutral rating in a research note on Wednesday, January 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $16.00.
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, January 18th will be paid a $0.354 dividend. The ex-dividend date is Thursday, January 17th. SSE PLC/S’s payout ratio is 44.10%.
About SSE PLC/S
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
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