Pennon Group Plc (LON:PNN) Insider Buys £147.84 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 28 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The stock was acquired at an average cost of GBX 528 ($6.51) per share, with a total value of £147.84 ($182.29).

Laura Flowerdew also recently made the following trade(s):

• On Thursday, December 19th, Laura Flowerdew bought 25 shares of Pennon Group stock. The shares were bought at an average price of GBX 606 ($7.47) per share, for a total transaction of £151.50 ($186.81).
• On Tuesday, November 19th, Laura Flowerdew purchased 26 shares of Pennon Group stock. The stock was bought at an average price of GBX 570 ($7.03) per share, with a total value of £148.20 ($182.74).

Pennon Group Price Performance

LON PNN traded up GBX 4 ($0.05) during trading hours on Tuesday, hitting GBX 537 ($6.62). The company had a trading volume of 562,792 shares, compared to its average volume of 4,223,932. The company has a debt-to-equity ratio of 343.14, a quick ratio of 1.54 and a current ratio of 0.97. The firm has a market capitalization of £1.54 billion, a price-to-earnings ratio of -13,425.00, a PEG ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a 52 week low of GBX 486.40 ($6.00) and a 52 week high of GBX 740.50 ($9.13). The firm has a 50 day simple moving average of GBX 576.98 and a 200 day simple moving average of GBX 590.45.

Pennon Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be issued a GBX 14.69 ($0.18) dividend. This represents a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, January 30th. Pennon Group’s payout ratio is -152,500.00%.

Pennon Group Company Profile

At the top end of the FTSE250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.