Insider Buying: Pennon Group Plc (LON:PNN) Insider Acquires 25 Shares of Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 25 shares of Pennon Group stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of GBX 606 ($7.57) per share, for a total transaction of £151.50 ($189.35).

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

• On Tuesday, November 19th, Laura Flowerdew acquired 26 shares of Pennon Group stock. The shares were bought at an average price of GBX 570 ($7.12) per share, with a total value of £148.20 ($185.23).
• On Monday, October 21st, Laura Flowerdew bought 26 shares of Pennon Group stock. The stock was bought at an average price of GBX 577 ($7.21) per share, for a total transaction of £150.02 ($187.50).

Pennon Group Price Performance

Shares of LON:PNN traded down GBX 21.50 ($0.27) during trading on Friday, hitting GBX 566 ($7.07). 21,111,691 shares of the company were exchanged, compared to its average volume of 1,265,726. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. Pennon Group Plc has a 1-year low of GBX 518 ($6.47) and a 1-year high of GBX 775 ($9.69). The company has a market capitalization of £1.62 billion, a P/E ratio of -14,150.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The business’s 50 day moving average is GBX 578.34 and its 200-day moving average is GBX 596.06.

Pennon Group Cuts Dividend

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

About Pennon Group

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.