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SSE Sse Plc

1,697.50
7.00 (0.41%)
Last Updated: 08:26:41
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  7.00 0.41% 1,697.50 47,609 08:26:41
Bid Price Offer Price High Price Low Price Open Price
1,695.00 1,696.00 1,701.50 1,692.00 1,692.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 10.46B 1.88B 1.7046 9.92 18.69B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:25:43 O 249 1,696.835 GBX

Sse (SSE) Latest News

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Sse (SSE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:25:441,696.842494,225.12O
08:24:591,697.501402,376.50AT
08:24:551,697.002955,006.15O
08:24:551,697.002574,361.29AT
08:24:551,697.001151,951.55AT

Sse (SSE) Top Chat Posts

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Posted at 08/11/2024 18:22 by jrphoenixw2
SSE (SSE.L) – Reports first-half results on Wednesday 13 November

SSE is set to report its first-half results on Wednesday and the timing of this update is particularly significant for several reasons, according to AJ Bell.

Firstly, utilities — a sector long in the crosshairs of both regulators and the public — have largely avoided the windfall taxes that have affected other industries. In the UK’s first budget under the new government, utilities were spared any new levies, a development that could impact both investor sentiment and long-term strategic planning within the sector.

Secondly, the sector remains under intense public and regulatory scrutiny. Consumers continue to feel the pressure from rising energy bills, exacerbated by inflation, while utility companies are expected to ramp up their environmental and investment commitments

Thirdly, Ofwat’s AMP8 regulatory determination for water companies is due in December, with potential ramifications for utilities across the board, including SSE, which is involved in energy distribution and could see its operational models affected by broader regulatory changes in the sector.

Lastly, interest rate cuts from the Bank of England, could make the dividend yields from utility stocks like SSE more attractive relative to cash, potentially boosting demand for shares in the sector, which traditionally offers stable returns.

“SSE’s shares are up by just under 10% in the past year and not far from their all-time highs. The company is a broad-ranging power play, as it generates electricity from gas-fired power stations, on and offshore wind farms and hydroelectric plants, and it also provides and runs electricity transmission and distribution networks,” Mould, Hewson and Coatsworth, said.

For SSE’s upcoming first-half results, two figures will likely grip the attention of investors, according to AJ Bell:

Adjusted earnings per share (EPS): SSE has set a target of 13% to 16% compound annual growth between 2022 and 2027, with EPS expected to grow from 158.5p in the year to March 2024 to between 175p and 200p by 2027. However, analysts are forecasting a more modest growth rate for this year, with the benchmark for the first-half result being last year’s adjusted EPS of 37p.

Dividend: SSE reduced its dividend in 2024 to 60p per share to fund its renewable energy transition. Looking ahead, the company plans to increase the dividend by 5% to 10% annually through 2027, with the first-half dividend payment last year standing at 20p. Investors will be keen to see whether the company can maintain its dividend growth trajectory while continuing to invest in its Net Zero ambitions.
Posted at 22/10/2024 12:19 by skinny
FWIW :- Berenberg raises SSE price target to 2,300 (2,100) pence - 'buy
Posted at 17/10/2024 08:49 by jrphoenixw2
RNS re: completion of buy-back a/o today.

SSE PLC










Transaction in Own Shares and Completion of Buyback

SSE plc (the "Company") announces that it has purchased the following number of its ordinary shares of 50 pence each (the "Ordinary Shares") on the London Stock Exchange through UBS AG London Branch ("UBS"). These purchases were made as part of the Company's £75 million share buyback programme as announced on 30 September 2024 (the "Programme"). All shares were purchased from UBS as an "on exchange" transaction subject to the rules of the London Stock Exchange and in accordance with the authority granted by shareholders at SSE's Annual General Meeting on 18 July 2024 and Chapter 9 of the Listing Rules. The Ordinary Shares purchased will be held as treasury shares.

The detail incl list of every single transaction (loooooooong) can be found here:
Posted at 04/10/2024 09:47 by skinny
FWIW :-

Jefferies cuts SSE to 'hold' (buy) - price target 2,050 pence

----------

Goldman Sachs cuts SSE price target to 2,490 (2,499) pence - 'buy'
Posted at 04/5/2024 09:23 by wad collector
It is difficult to assess the threat to SSE from a shareholders perspective. Clearly under any government the sector needs to thrive and SSE holds some valuable assets. But whether Labour will confiscate them on the justification that they should be under public ownership is the key question to me. Renationalisation would be a hard pill to swallow but Starmer has not definitively ruled it out. A more gradual under-mining of shareholders value seems more likely.We will have to see the manifestos to have more clarity , not that they are exactly reliable markers of future actions.
Simplistically the share price will fall as the election gets closer and that threat rises, I would have thought.
Historically the share price actually rose during Blairs tenure then fell sharply in Browns time before rising during Cameron's first Government. These of course are fairly valueless observations in complex situations.
As the price has risen recently I am tempted to take out most of my holdings rather than risk a fall towards election time. Or maybe I am being too cautious...
Posted at 17/4/2024 09:45 by skinny
FWIW :-

RBC cuts SSE price target to 1,925 (2,050) pence - 'outperform'

Goldman Sachs raises SSE price target to 2,424 (2,403) pence - 'buy'
Posted at 05/9/2023 12:51 by marktime1231
You may be right but my conclusion is that the outlook for SSE is getting more difficult having enjoyed a good run. The increasing risks are not priced in if, as you say, the recent fall back from £19 is just down to the macro economic cycle of higher gilt rates. It does not help SSE share price cutting yield by a third, something which compensated for the risk.

A few months delay in completing the Seagreen wind farm off Angus. SSE will be facing the same delay and cost problems everyone else is declaring, surely? In the long run SSE will no doubt end up a winner but the process of creating value from developments suddenly looks tough.

We will see, the results of AR5 are due to be announced at the latest by the end of this week and will tell a story about who is still aggressively pursuing offshore wind opportunities.
Posted at 15/12/2022 10:26 by wad collector
Yes Gas is providing us with about 50% this year. Today when it seems to me that the whole country is becalmed, wind is still pushing out 24% of our needs this week. Though maybe it is windy offshore somewhere.
The trouble with those figures is that they don't describe the intermittency.
Good to see that we have been net exporters for the last 24 hrs too.

But SSE share price is now more about politics than balance sheets again.
Posted at 16/6/2022 12:29 by lammergeier
Its interesting to note that the SSE share price took 3 months to climb from £16.00 to £19 and

then retrace its £3 rise in 3 weeks.

If a recession is coming, Utilities tend to out perform especially if the oulook

to YEAR END IN MARCH 2023 expects a Dividend Yield over 5% and a Price earnings growth

of less than 1-bullish against most market yardsticks.

I forgot the old market adage "Sell in May and don't come back till St Ledgers Day"
Posted at 29/5/2022 09:18 by wad collector
IC just ran an article looking at the SSE share price movements last week and the prelims. Points out the lack of wind in the first half yr made the thermal and gas storage divisions the main growth drivers, with the low wind driving up the balancing market prices. FWIW it concludes that the shadow of a one off tax will remain until HMG makes a clear statement (Hmm, don't think I will hold my breath on that one!) but because of good yield concludes HOLD.
Sse share price data is direct from the London Stock Exchange

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