Pennon Group Plc (LON:PNN) Insider Laura Flowerdew Purchases 30 Shares

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 30 shares of the business’s stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of GBX 496 ($6.64) per share, with a total value of £148.80 ($199.28).

Laura Flowerdew also recently made the following trade(s):

• On Wednesday, March 19th, Laura Flowerdew purchased 34 shares of Pennon Group stock. The stock was bought at an average price of GBX 434 ($5.81) per share, for a total transaction of £147.56 ($197.62).

Pennon Group Stock Up 0.9%

Shares of LON PNN opened at GBX 504 ($6.75) on Wednesday. Pennon Group Plc has a 1 year low of GBX 383 ($5.13) and a 1 year high of GBX 703 ($9.41). The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54. The firm has a market cap of £2.34 billion, a PE ratio of -141.71, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a 50 day simple moving average of GBX 471.48 and a 200 day simple moving average of GBX 507.97.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, January 30th were given a dividend of GBX 14.69 ($0.20) per share. This represents a yield of 2.53%. The ex-dividend date of this dividend was Thursday, January 30th. Pennon Group’s dividend payout ratio is presently -1,715.11%.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “neutral” rating and issued a GBX 497 ($6.66) target price on shares of Pennon Group in a report on Tuesday, February 18th.

About Pennon Group

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.