SSE is the United Kingdom’s third-largest supplier of gas and electricity. The company supplies gas and electricity under Southern Electric, SWALEC, Scottish Hydro Electric, and Atlantic Brands. The company has over 7 million customers.
SSE share price LSE- About the business
The company is an energy holding company based in the United Kingdom. The majority of the profit of the company is from the 11.1 GW power generation. It also boasts regulated businesses comprising gas distribution, electricity, and transmission systems. The other smaller businesses that SSE is involved in include home energy services, gas storage, oil and gas production, as well as contracting.
What is the type of stock that the company issues?
The company’s stock issue type is Common Stock. It has a market capitalization of 20,192 310 500. It belongs to the Regulated Utilities industry, as well as the Sector category Utilities.
SSE has operations through segments of Wholesale, Retail, and Networks. As far as the Networks sector is concerned, it includes the following –
- Electricity transmission
- Electricity distribution
- Gas distribution
The Retail segment comprises the following-
- Business energy
- Enterprise
- Airtricity
Meanwhile, the Wholesale segment comprises the following
- Energy portfolio management
- Gas storage
- Electricity generation
- Gas production
Founded in the year 1943, SSE has its headquarters in Perth.
Fast Facts about SSE share price and economic impact
Check out the statistics in the points below-
- PWC produced the current Economic Contribution report of SSE Group. It was found that due to the company’s many activities, a contribution of £8.9 billion to the GDP of the United Kingdom during 2018/2019. The company’s total contribution over the last few years has been £75.2 billion. And as far as the Republic of Ireland is concerned, as much as €689 million was contributed towards GDP by SSE.
- SSE has a high dividend payment ratio of 5.14%, which is low in contrast to the top 25% of dividend payers in the UK market, which is 5.77%.
SSE share price UK – Forecast
Stock Price Forecast – Analysts have offered 12-month price forecasts for SSE PLC. The median target, according to them, is 26.25. The high estimate is 32.03; on the other hand, the low estimate is 22.36. The median estimate is represented by a +10.99% surge from 23.66, which was the last price.
Analyst recommendation – The consensus out of 18 polled investment analysts is to buy stocks in Perth-based SSE PLC. The rating the analysts gave had remained steady since May, when it remained the same as a buy rating.
