Severn Trent (OTCMKTS:STRNY) Stock Price Down 1.9% – Here’s Why

Severn Trent PLC (OTCMKTS:STRNY) shares dropped 1.9% on Thursday . The stock traded as low as $30.68 and last traded at $30.83. Approximately 48,553 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 74,836 shares. The stock had previously closed at $31.43.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on STRNY. Citigroup raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein raised shares of Severn Trent from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th.

Severn Trent Stock Performance

The company has a 50-day moving average of $31.70 and a 200-day moving average of $33.29.

Severn Trent Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 2nd were issued a $0.6167 dividend. The ex-dividend date was Monday, December 2nd. Severn Trent’s dividend payout ratio (DPR) is presently 133.03%.

About Severn Trent

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.