SSE (LON:SSE) Shares Cross Above Two Hundred Day Moving Average of $1,716.37

SSE plc (LON:SSE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,716.37 ($21.99) and traded as high as GBX 1,892.50 ($24.24). SSE shares last traded at GBX 1,869 ($23.94), with a volume of 1,116,425 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SSE shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of SSE in a research note on Friday, July 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,050 ($26.26) target price on shares of SSE in a report on Tuesday, May 28th.

SSE Stock Down 0.4 %

The stock has a market capitalization of £20.37 billion, a PE ratio of 3,526.42, a PEG ratio of 3.21 and a beta of 0.57. The firm’s fifty day moving average is GBX 1,797.49 and its 200-day moving average is GBX 1,716.37. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 84.31.

SSE Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, July 25th will be issued a dividend of GBX 40 ($0.51) per share. This is a boost from SSE’s previous dividend of $20.00. This represents a yield of 2.22%. The ex-dividend date of this dividend is Thursday, July 25th. 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.