Insider Buying: United Utilities Group PLC (LON:UU) Insider Acquires 20 Shares of Stock
United Utilities Group PLC (LON:UU) insider Steven L. Mogford bought 20 shares of the company’s stock in a transaction dated Tuesday, July 11th. The stock was bought at an average cost of GBX 864 ($11.19) per share, with a total value of £172.80 ($223.83).
United Utilities Group PLC (LON:UU) traded up 0.52% during mid-day trading on Thursday, reaching GBX 873.50. 1,506,032 shares of the company’s stock were exchanged. United Utilities Group PLC has a one year low of GBX 849.00 and a one year high of GBX 1,078.00. The stock’s market cap is GBX 5.96 billion. The stock has a 50-day moving average of GBX 986.22 and a 200-day moving average of GBX 959.69.
The firm also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 22nd will be issued a dividend of GBX 25.92 ($0.34) per share. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a dividend yield of 2.45%.
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A number of research analysts recently issued reports on UU shares. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 1,000 ($12.95) price objective on shares of United Utilities Group PLC in a report on Friday, March 24th. HSBC Holdings plc raised their price objective on shares of United Utilities Group PLC from GBX 1,060 ($13.73) to GBX 1,070 ($13.86) and gave the company a “buy” rating in a report on Wednesday, April 26th. Royal Bank Of Canada raised their price objective on shares of United Utilities Group PLC from GBX 1,000 ($12.95) to GBX 1,025 ($13.28) and gave the company a “sector performer” rating in a report on Thursday, May 4th. Beaufort Securities reiterated a “buy” rating on shares of United Utilities Group PLC in a report on Friday, May 26th. Finally, Credit Suisse Group lowered shares of United Utilities Group PLC to an “underperform” rating and dropped their price objective for the company from GBX 1,000 ($12.95) to GBX 850 ($11.01) in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 987.73 ($12.79).
About United Utilities Group PLC
United Utilities Group PLC is a water company. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It owns over 55,000 hectares of land around its reservoirs.
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