United Utilities Group PLC (LON:UU) declared a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Investors of record on Thursday, June 20th will be given a dividend of GBX 27.52 ($0.36) per share on Thursday, August 1st. This represents a yield of 3.59%. The ex-dividend date of this dividend is Thursday, June 20th. This is an increase from United Utilities Group’s previous dividend of $13.76. The official announcement can be viewed at this link.
LON UU opened at GBX 775.80 ($10.14) on Friday. United Utilities Group has a 1-year low of GBX 674.40 ($8.81) and a 1-year high of GBX 879.60 ($11.49). The company has a market capitalization of $5.26 billion and a P/E ratio of 14.34. The company has a quick ratio of 0.60, a current ratio of 0.79 and a debt-to-equity ratio of 260.07.
Several equities analysts recently weighed in on the company. Deutsche Bank dropped their price objective on United Utilities Group from GBX 850 ($11.11) to GBX 830 ($10.85) and set a “hold” rating for the company in a research note on Thursday, May 16th. Credit Suisse Group raised their price objective on United Utilities Group from GBX 800 ($10.45) to GBX 860 ($11.24) and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of United Utilities Group in a research note on Wednesday, February 6th. Goldman Sachs Group raised their price objective on United Utilities Group from GBX 815 ($10.65) to GBX 825 ($10.78) and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Barclays started coverage on United Utilities Group in a research note on Wednesday, January 30th. They issued an “equal weight” rating and a GBX 910 ($11.89) price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. United Utilities Group currently has an average rating of “Hold” and a consensus target price of GBX 854.91 ($11.17).
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United Utilities Group Company Profile
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of consulting and project management services. The company operates 42,000 kilometers (km) of water pipes; 77,000 km of wastewater pipes; 568 wastewater treatment works; and 88 water treatment works.
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