Pennon Group Plc (LON:PNN) Insider Susan Davy Sells 5,951 Shares

Pennon Group Plc (LON:PNN) insider Susan Davy sold 5,951 shares of Pennon Group stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of GBX 566 ($7.16), for a total transaction of £33,682.66 ($42,603.92).

Susan Davy also recently made the following trade(s):

• On Wednesday, June 19th, Susan Davy acquired 22 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 600 ($7.59) per share, with a total value of £132 ($166.96).
• On Monday, May 20th, Susan Davy purchased 21 shares of Pennon Group stock. The shares were acquired at an average price of GBX 720 ($9.11) per share, for a total transaction of £151.20 ($191.25).
• On Friday, April 19th, Susan Davy acquired 23 shares of Pennon Group stock. The stock was acquired at an average price of GBX 652 ($8.25) per share, with a total value of £149.96 ($189.68).

Pennon Group Trading Up 2.6 %

LON PNN traded up GBX 15 ($0.19) on Friday, reaching GBX 602.50 ($7.62). The company had a trading volume of 657,022 shares, compared to its average volume of 901,866. The stock has a market cap of £1.72 billion, a price-to-earnings ratio of -14,900.00, a PEG ratio of 8.20 and a beta of 0.28. Pennon Group Plc has a 52 week low of GBX 532.83 ($6.74) and a 52 week high of GBX 775 ($9.80). The stock’s 50 day moving average is GBX 636.94 and its 200-day moving average is GBX 669.65. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14.

Pennon Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, July 25th will be paid a dividend of GBX 30.33 ($0.38) per share. This is a positive change from Pennon Group’s previous dividend of $14.04. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 4.23%. Pennon Group’s dividend payout ratio (DPR) is presently -152,500.00%.

Analyst Ratings Changes

PNN has been the subject of a number of research reports. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pennon Group in a research note on Friday. Barclays lowered their price objective on shares of Pennon Group from GBX 1,060 ($13.41) to GBX 1,030 ($13.03) and set an “overweight” rating for the company in a research report on Tuesday, May 7th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 830 ($10.50) target price on shares of Pennon Group in a research report on Thursday, April 11th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Pennon Group in a report on Tuesday, May 14th.

About Pennon Group

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.