Insider Buying: Pennon Group Plc (LON:PNN) Insider Purchases 28 Shares of Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 28 shares of the company’s stock in a transaction on Monday, January 20th. The stock was acquired at an average price of GBX 528 ($6.50) per share, with a total value of £147.84 ($182.00).

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

• On Thursday, December 19th, Laura Flowerdew acquired 25 shares of Pennon Group stock. The shares were bought at an average price of GBX 606 ($7.46) per share, for a total transaction of £151.50 ($186.51).
• On Tuesday, November 19th, Laura Flowerdew acquired 26 shares of Pennon Group stock. The shares were acquired at an average price of GBX 570 ($7.02) per share, with a total value of £148.20 ($182.44).

Pennon Group Price Performance

PNN stock opened at GBX 518 ($6.38) on Thursday. The company has a 50 day simple moving average of GBX 576.85 and a 200 day simple moving average of GBX 589.49. The stock has a market cap of £1.48 billion, a price-to-earnings ratio of -12,950.00, a P/E/G ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a 1 year low of GBX 486.40 ($5.99) and a 1 year high of GBX 740.50 ($9.12). The company has a debt-to-equity ratio of 343.14, a current ratio of 0.97 and a quick ratio of 1.54.

Pennon Group (LON:PNN) last released its quarterly earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share for the quarter. Pennon Group had a negative return on equity of 0.74% and a negative net margin of 1.05%. Research analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be given a dividend of GBX 14.69 ($0.18) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) is -152,500.00%.

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.