SSE (LON:SSE) Shares Cross Above Two Hundred Day Moving Average of $1,718.13

SSE plc (LON:SSE)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,718.13 ($21.96) and traded as high as GBX 1,879 ($24.01). SSE shares last traded at GBX 1,874 ($23.95), with a volume of 2,168,605 shares traded.

Wall Street Analysts Forecast Growth

SSE has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of SSE in a research note on Friday, July 5th. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,050 ($26.20) price objective on shares of SSE in a research report on Tuesday, May 28th.

SSE Stock Down 0.1 %

The stock has a market cap of £20.30 billion, a PE ratio of 3,513.21, a PEG ratio of 3.21 and a beta of 0.57. The company has a debt-to-equity ratio of 84.31, a current ratio of 0.91 and a quick ratio of 0.50. The company has a 50 day moving average price of GBX 1,822.58 and a two-hundred day moving average price of GBX 1,720.17.

SSE Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, July 25th will be paid a dividend of GBX 40 ($0.51) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 2.22%. This is a boost from SSE’s previous dividend of $20.00. SSE’s dividend payout ratio is currently 16,603.77%.

About SSE

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.