|Bid||2,270.00 x 0|
|Ask||2,205.00 x 0|
|Day's Range||2,261.00 - 2,287.00|
|52 Week Range||1,758.00 - 2,379.00|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||18.16|
|Forward Dividend & Yield||0.96 (4.28%)|
|1y Target Est||N/A|
Plans by the Labour party to nationalise swaths of the UK’s telecommunications infrastructure have intensified a sense of alarm in the utility sector, with investors scrambling to protect their holdings in case the December 12 election leads to a Jeremy Corbyn-led government. Investment funds have already seen share prices drift in sectors such as water and energy over concerns that a Labour government might expropriate them at less than market value.
Could Severn Trent Plc (LON:SVT) be an attractive dividend share to own for the long haul? Investors are often drawn...
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Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Severn Trent Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Looking at Severn Trent Plc's (LON:SVT) earnings update in March 2019, analyst consensus outlook seem bearish, with...
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The company said it would appoint Ian Marchant as executive chairman while it looked for a new CEO. "It was felt this was the right time for new leadership to take on the operational and delivery challenges for the next regulatory period (2020-25)," a spokesman for Thames Water said in an emailed statement. Robertson, who was appointed in September 2016, was previously chief executive at telecoms services companies Truphone and BT Openreach.
British utility stocks are trading at a growing discount to euro zone peers as investors fear the country's deepening political crisis could trigger a general election that ushers in renationalisation of the industry, worth $76 billion (£59.9 billion). The opposition Labour Party has said it wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's Conservatives from power, reversing decades of pro-privatisation policies. Simon Webber, lead portfolio manager on the global and international equities team at Schroders said those fears were "another overhang" for utilities, already subject to a discount like other UK assets because of Brexit uncertainty.
Britain's opposition Labour Party wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's ruling Conservatives from power, reversing decades of pro-privatisation public policy. Despite a national election not being due until 2022, the prospect of nationalisation is worrying investors. Analysts have valued the regulated asset values of water and energy networks potentially facing nationalisation at around 125 billion pounds.
Although a UK election is not due until 2022, and opinion polls show the main opposition party falling far short of a majority, Labour laid out plans this month to offer shareholders around half the current market value of the country's utilities under a future re-nationalisation. The head of Britain's National Grid has already criticised Labour's plans to renationalise energy networks, warning of high costs to taxpayers and a slower transition to green energy. The proposals have knocked around 5% off the value of shares in Severn Trent and other water suppliers.
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The departure comes at a time when the company is preparing to implement its new business plan after being awarded Fast Track status by Britain's water industry regulator Ofwat. The departure falls in line with the Financial Reporting Council's (FRC) revised corporate code that came into effect in January, requiring public companies to explain if a board chair has remained unchanged for more than nine years. Duff will be standing for re-election at its annual meeting on July 17, the company said.
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Shares in FTSE 100-listed Severn Trent and United Utilities lost 1.3 percent and 1.1 percent respectively after the announcements, while those in South West Water-owner Pennon Group fell around 1 percent. In a statement published on Thursday, Ofwat said Severn Trent would cut annual bills by an average of 4.7 percent or 16 pounds over the five year period. United Utilities will deliver a larger 11 percent, or 49 pound cut, while South West will reduce bills by 15 percent or 77 pounds.