Severn Trent Plc (SVT) Declares Dividend of GBX 34.63
Severn Trent Plc (LON:SVT) announced a dividend on Thursday, November 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 30th will be paid a dividend of GBX 34.63 ($0.46) per share on Friday, January 5th. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, November 30th. The official announcement can be seen at this link.
Shares of Severn Trent (LON SVT) traded up GBX 18 ($0.24) during mid-day trading on Wednesday, hitting GBX 2,129 ($28.51). The stock had a trading volume of 860,598 shares, compared to its average volume of 808,667. Severn Trent has a 12-month low of GBX 2,047 ($27.41) and a 12-month high of GBX 2,575 ($34.49).
Severn Trent (LON:SVT) last issued its quarterly earnings data on Thursday, November 23rd. The company reported GBX 65.90 ($0.88) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 66 ($0.88) by GBX (0.10) ($0.00). The business had revenue of £850.40 million during the quarter. Severn Trent had a return on equity of 31.14% and a net margin of 17.34%.
A number of brokerages have recently weighed in on SVT. Barclays reiterated an “equal weight” rating on shares of Severn Trent in a research report on Tuesday, November 14th. Deutsche Bank restated a “hold” rating and set a GBX 2,250 ($30.13) price target on shares of Severn Trent in a research report on Tuesday, November 7th. upgraded Severn Trent to a “buy” rating and lifted their price target for the company from GBX 2,160 ($28.93) to GBX 2,300 ($30.80) in a research report on Monday, November 6th. Credit Suisse Group restated a “neutral” rating and set a GBX 2,230 ($29.86) price target on shares of Severn Trent in a research report on Thursday, November 2nd. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 2,500 ($33.48) price target on shares of Severn Trent in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Severn Trent presently has an average rating of “Hold” and a consensus price target of GBX 2,426.25 ($32.49).
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Severn Trent Company Profile
Severn Trent Plc treats and provides water and removes wastewater in the United Kingdom and internationally. The Company provides clean water and wastewater services through its businesses, Severn Trent Water and Severn Trent Business Services. It operates through two segments: Regulated Water and Waste Water, and Business Services.
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