SSE (LON:SSE) Sets New 12-Month Low – Time to Sell?

Shares of SSE plc (LON:SSE) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 1,533.50 ($19.09) and last traded at GBX 1,534.50 ($19.11), with a volume of 4012454 shares. The stock had previously closed at GBX 1,560 ($19.42).

Analyst Ratings Changes

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

SSE Trading Up 0.8 %

The company has a debt-to-equity ratio of 78.20, a quick ratio of 0.50 and a current ratio of 1.10. The stock has a market capitalization of £16.85 billion, a price-to-earnings ratio of 981.73, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The business has a fifty day simple moving average of GBX 1,615.71 and a 200 day simple moving average of GBX 1,774.82.

SSE (LON:SSE) last released its quarterly earnings results on Wednesday, November 13th. The company reported GBX 49.80 ($0.62) EPS for the quarter. SSE had a net margin of 16.36% and a return on equity of 16.47%. As a group, research analysts expect that SSE plc will post 163.8865004 EPS for the current year.

SSE Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 2nd will be given a dividend of GBX 21.20 ($0.26) per share. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 1.25%. SSE’s payout ratio is presently 3,846.15%.

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.