SSE: 1,488.34 8.00 (▲0.54%)

Delayed:2016-12-12 18:15:00
Bid Price 1,499.00 High Price 1,500.00
Ask Price 1,500.00 Low Price 1,478.00
Open Price 1,493.00 Spread 0.07%
Prev Close 1,500.00 Volume 1,962,696.00

SSE Share Price Chart


Historic – 1 year

SSE Share Price Information

Name SSE Epic SSE
Sector Electricity ISIN GB0007908733
Activites Scottish and Southern Energy plc is the holding company of the Group. Its subsidiaries are organised into the main businesses of: electricity generation, transmission, distribution and supply; gas storage, distribution and supply; electrical and utility contracting; home services, supplying a wide range of electrical and gas appliances and complementary products; and telecommunications. Security Type Equity

Key numbers

Latest Share Price (p) 1,500.00 Net Gearing (%) 74.86
Market Cap (£m) 15,024.65 Gross Gearing (%) 76.49
Shares in issue (m) 1,013.13 Debt Ratio 64.72
P/E Ratio 32.17 Debt-to-Equity Ratio 0.56
Divs per share (p) 89.40 Assets / Equity Ratio 4.25
Dividend Yield (%) 6.06 Price to book value 2.88
Dividend Cover 0.26 SROCE (%) 4.01
Earning per share (p) 46.10 EPS Growth (%) -16.64
52-week high / low (p) 1,722.00 / 1,317.00 DPS Growth (%) 1.13

SSE Broker Views

Date Broker Rec. Price Old target price New target price Notes
12 Dec Macquarie Outperform 1,488.34 1700.00 1700.00 Reiterates
12 Dec Barclays Capital Overweight 1,488.34 1765.00 1765.00 Reiterates
02 Dec Morgan Stanley Overweight 1,488.34 1750.00 1750.00 Reiterates
29 Nov Exane BNP Paribas Outperform 1,488.34 1700.00 1700.00 Retains
24 Nov Barclays Capital Overweight 1,488.34 1765.00 1765.00 Reiterates

SSE Director Deals

Date Director Type Volume / Price Trade Value
17 Nov 2016 Katie Bickerstaffe Buy 1354 @ 1460.50p £19,775.17
18 Oct 2016 Gregor Alexander Buy 45 @ 1505.00p £677.25
28 Sep 2016 Sue Bruce Buy 86 @ 1537.00p £1,321.82
27 Sep 2016 Alistair Phillips-Davies Award 173 @ 1537.21p £2,659.37
27 Sep 2016 Gregor Alexander Award 177 @ 1537.21p £2,720.86
26 Sep 2016 Jeremy Beeton Dividend Reinvestment Plan 164 @ 1518.00p £2,489.52
07 Sep 2016 Alistair Phillips-Davies Buy 9 @ 1545.00p £139.05
07 Sep 2016 Gregor Alexander Buy 10 @ 1545.00p £154.50
08 Aug 2016 Alistair Phillips-Davies Buy 8 @ 1552.50p £124.20
08 Aug 2016 Gregor Alexander Buy 10 @ 1552.50p £155.25
12 Jul 2016 Alistair Phillips-Davies Buy 8 @ 1577.31p £126.18
12 Jul 2016 Gregor Alexander Buy 9 @ 1577.31p £141.96
04 Jul 2016 Gregor Alexander Sell 1925 @ 1551.15p £29,859.64
04 Jul 2016 Gregor Alexander Transfer In 4087 @ 0.00p £0.00
04 Jul 2016 Alistair Phillips-Davies Sell 1925 @ 1551.15p £29,859.64
04 Jul 2016 Alistair Phillips-Davies Transfer In 4087 @ 0.00p £0.00

SSE Company News

Director Deals – SSE PLC (SSE)

Katie Bickerstaffe, Non Executive Director, bought 1,354 shares in the company on the 16th November 2016 at a price of 1460.50p. The Director now holds 6,433 shares representing 0.00% of the shares in issue.

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SSE begins £0.5bn share buyback

SSE has begun a discretionary programme to purchase its shares for cancellation or to be held in treasury, during the period which commences on 11 November 2016 and ends no later than 31 December 2017.

The aggregate purchase price of all shares acquired under the Programme will be no greater than £500,000,000 and no more than 100,759,681 shares will be acquired under the Programme. The purpose of the Programme is to reduce the share capital of the Company.

Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company’s general authority to repurchase shares and Chapter 12 of the Listing Rules.

The Company confirms that it currently has no unpublished price sensitive information.

At 9:51am: (LON:SSE) SSE PLC share price was +11.5p at 1501.5p

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SSE’s H1 total adj. pretax profit slips lower

SSE has hiked its interim dividend to 27.4p a share, from 26.9p, as its adjusted pretax profit slipped to £475.8m, from £548.8m.

It said it was on course to deliver annual dividend increases that kept pace with RPI inflation.

The utility was also on track to undertake capital and investment expenditure totalling almost £6bn over four years to March 2020.

“SSE continues to focus on the fulfilment of its core purpose of providing the energy people need in a reliable and sustainable way,” said chairman Richard Gillingwater.

“In this financial year so far we have again delivered what we said we would, particularly with the sale of one third of our stake in SGN; further disciplined investment in networks and renewables; delivering high quality customer service; and the efficient operation of our assets.

“The operating environment presents some challenges, notably with changes to the UK Government and macro-economic uncertainty, with the added issue of Brexit.

“There have, however, been some welcome developments, particularly the UK Government’s recent reforms to the Capacity Market in GB. SSE continues to engage constructively with governments and regulators to help them achieve their aims for the energy market.

“Whilst there should always be a degree of caution about interpreting half-year results, especially against a background of volatile market conditions, we have made a satisfactory start to this financial year.

“Looking to the challenges that lie ahead, our long-term focus will continue to be on operating our balanced range of energy businesses safely and efficiently and maintaining disciplined financial management.

“This long-term approach puts SSE on course to achieve our financial objective of delivering an increase in the full-year dividend at least equal to RPI inflation.”

At 9:32am: (LON:SSE) SSE PLC share price was -17p at 1560p

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FTSE down as Trump wins US presidency; gold flies

London stocks opened moderately lower as Donald Trump became US President-elect, sending safe-haven gold higher and a nervous pulse through a market that had generally expected Hillary Clinton to win.

As Trump won the presidency, his Republican party cinched the US Senate and the US house. The win is already being penned as the ‘US Brexit,’ a less-than-subtle nod at UK’s non-binding vote to quit the EU back in June.

Soon after the open, FTSE 100 was down 52.95 points, or 0.77%, to 6790.18, while FTSE 250 fell 86.19, or 0.49%, to 17,361.6. At 8.34am, WTI crude was down 1.18% to $44.45 a barrel, while Brent ebbed 1.09% to $45.54/bbl. Gold surged 1.96% on its safe-haven appeal to $1299.5/oz.

The dollar-spot index was down 0.67% to $97.210.

Experian (EXPN) headed up a lengthy list of blue-chip losers with its slide of 4.35% to 1451p as it booked a statutory H1 pretax profits up 14% to $520m, with revenues virtualy flat.

Sainsburys (SBRY), down 3.91% to 245.5p, hiked its H1 statutory pretax profit 9.7% to £372m, from £339m. Interim dividend was 3.6p a share, from 4.0p. “The market remains competitive and pricing pressures continue to impact margins,” the company said.

Tail-gating was gargantuan grocer Tesco (TSCO), off 3.27% to 194.63p, with more behind. Burberry (BRBY) slid 2.09% to 1450p as its H1 profits slumped and it implemented a turnaround plan to slash costs and revamp its product range. In the financial sphere, insurers and banks all suffered. Prudential (PRU) lost 2.7% to 1316.5p, HSBC (HSBA) fell 2.66% to 603.5p.

Overall, about 83 blue chips retreated, with roughly 64 flopping by more than 1%. Among their number were investment specialists, house builders, utilities, leisure and oil majors, among multiple other sectors. SSE (SSE), down 1.33% to 1556p, saw its adjusted pretax profit decline, but hiked its interim dividend.

To the upside, miners were flavour of the day. Gold specialists Fresnillo (FRES), up 8.94% to 1743p, and Randgold (RRS), up 4.94% to 7110p, benefited as the price of gold rose. Several pharmas made heady gains, too.

Rio Tinto (RIO), up 0.51% to 2886.75p, contacts regulatory authorities in the US and UK over the discovery of contractual payments totalling $10.5m to a consultant providing “advisory services” on the Simandou project in Guinea.


Flybe (FLYB), down 8.91% to 31.88p, has posted adjusted pre-tax profits of £15.9m for the six months to the end of September – down from £21.1m last time – but says it has completed the transformation programme which began three years ago.

Lansdowne Oil & Gas (LOGP), down 4.65% to 1.03p, said it was disappointed the Supreme Court has refused to allow Providence Resources’ (PVR) application to appeal the Court of Appeal decision handed down on 13 April which pertains to prior litigation between Providence and Transocean Drilling UK, a subsidiary of Transocean Ltd.

Karelian Diamond Resources (KDR), up 4.55% to 0.58p, has confirmed a new kimberlite boulder discovery 2.5km south-west of the Lahtojoki diamond deposit with a further six kimberlite boulders found 500m from the first discovery.

Clipper Logistics (CLG), down 3.69% to 326.5p, said H1 trading is in line with the board’s expectations, with growth in revenue, operating profit and net earnings. Esure Group (ESUR), down 1.05% to 188p, reports continued strong growth in the nine months to the end of September and says it remains on track for the full year.

Horizon Discovery (HZD), down 1.91% to 128.5p, has entered into an original equipment manufacturer (OEM) agreement with CareDx, a molecular diagnostics company focused on the discovery, development and commercialisation of clinically differentiated, high-value, diagnostic surveillance solutions for transplant patients.

Taptica (TAP), up 1.69% to 150p, said, based on current run rate, that it expects adjusted EBITDA for FY 2016 to be significantly higher than market expectations at about $22.5m, up more than 200% on the year. It also expected to report FY 2016 revenues ahead of market expectations at about $120m, up 55% on the year.

Wizz Air (WIZZ), down 1.04% to 1563.5p, has posted a record H1 profit of €262.5m, up 37.5% from €190.9m. Revenue was €921.2m, up 10.1% from €836.4m. During the half it carried 12.5m passengers, up 17.4% from 10.65m.

Other stocks in the news included Stellar Diamonds (STEL), Synthomer (SYNT), Scisys (SSY), Gulfsands Petroleum (GPX), The Renewables Infrastructure Group (TRIG), ECR Minerals (ECR) and Arrow Global (ARW).

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FLASH: SSE’s H1 total adj. pretax profit slips lower

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