Streetbeat News

PEGRY

Pennon Group

http://www.pennon-group.co.uk

CEO

Christopher Loughlin

Industry

Water Supply and Irrigation Systems

Open

10.47

Mkt cap

1.3B

Volume

3.2K

High

10.71

P/E Ratio

-35.70

52-wk high

18.45

Low

10.47

Div yield

0.10

52-wk low

9.84

Pennon Group PLC received a share price target upgrade from Citi analysts following a successful £490 million rights issue. This funding addresses a significant financial overhang, and the company supports Ofwat's proposal to increase bills by 23% over the next five years.

Portfolio Pulse from

February 18, 2025 | 1:00 pm

Pennon Group PLC received an upgrade from RBC analysts due to increased regulatory certainty and stronger earnings in the water sector. Analysts forecast an 8% to 9% return on retained earnings for listed companies during the AMP8 regulatory period from 2025 to 2030.

Portfolio Pulse from

February 04, 2025 | 1:45 pm

Pennon Group PLC is raising £490 million from shareholders, increasing water bills, and committing to higher dividends. The company has agreed to a new price regime with Ofwat, involving a £3.2 billion investment to improve infrastructure and address sewage issues.

Portfolio Pulse from

January 29, 2025 | 10:00 am

Shares in water companies rose as Ofwat eased price controls, benefiting Pennon Group, Severn Trent, and United Utilities.

Portfolio Pulse from

December 19, 2024 | 9:45 am

Pennon Group PLC, owner of South West Water, reported an £18.6 million loss before tax for the six months ending September 30, contrasting with a £9.1 million profit from the previous year. Despite this, the company's stock rose by 4%.

Portfolio Pulse from

November 27, 2024 | 1:30 pm

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