SSE PLC/S (SSEZY) Upgraded to Hold by Zacks Investment Research
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. “
A number of other research analysts have also recently commented on the stock. Goldman Sachs Group reissued a buy rating on shares of SSE PLC/S in a research report on Tuesday, January 8th. Credit Suisse Group reissued an outperform rating on shares of SSE PLC/S in a research report on Thursday, January 10th. Finally, UBS Group cut shares of SSE PLC/S from a buy rating to a neutral rating in a research report on Wednesday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. SSE PLC/S currently has an average rating of Buy and a consensus target price of $16.00.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, January 18th will be issued a $0.354 dividend. The ex-dividend date is Thursday, January 17th. SSE PLC/S’s dividend payout ratio is presently 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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