Pennon Group Plc (LON:PNN) Insider Susan Davy Purchases 30 Shares

Pennon Group Plc (LON:PNN) insider Susan Davy purchased 30 shares of the stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of GBX 496 ($6.64) per share, with a total value of £148.80 ($199.28).

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

• On Tuesday, April 22nd, Susan Davy acquired 30 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 499 ($6.68) per share, with a total value of £149.70 ($200.48).
• On Wednesday, February 19th, Susan Davy bought 33 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 455 ($6.09) per share, for a total transaction of £150.15 ($201.08).

Pennon Group Stock Up 0.9%

Pennon Group stock opened at GBX 504 ($6.75) on Wednesday. Pennon Group Plc has a one year low of GBX 383 ($5.13) and a one year high of GBX 703 ($9.41). The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97. The firm has a market capitalization of £2.34 billion, a P/E ratio of -141.71, a P/E/G 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 business also recently declared a dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, January 30th were paid a GBX 14.69 ($0.20) dividend. This represents a dividend yield of 2.53%. The ex-dividend date was Thursday, January 30th. Pennon Group’s dividend payout ratio is currently -1,715.11%.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating and issued a GBX 497 ($6.66) target price on shares of Pennon Group in a research 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.