United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

1,106.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 1,176.50p
  • 52 Week Low: 968.40p
  • Currency: UK Pounds
  • Shares Issued: 955.90m
  • Volume: 237,798
  • Market Cap: £10,572m
  • RiskGrade: 118

JPMorgan downgrades Severn Trent as it turns cautious on water sector

By Michele Maatouk

Date: Tuesday 28 Jun 2022

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove downgraded Severn Trent on Tuesday as it took a look at the UK water sector.
It said the sector has performed well since the start of the regulatory period on 1 April 2020, with all three listed companies delivering strong returns and asset growth, while maintaining dividend growth at least in line with inflation.

"However, we are turning cautious on the subsector, given our belief that returns from April 2025 will be lower than the market currently expects," it warmed.

"We believe the companies can all manage cost inflation, given that revenue and asset growth are both indexed to CPIH.

"Yet, in our view, the regulator will challenge the companies to be more efficient while meeting environmental objectives - this may require further reinvestment in the coming years, limiting outperformance."

JPM maintained its preference for overweight-rated United Utilities on a relative basis to Severn Trent, which it downgraded to 'underweight' form 'neutral' and to Pennon, which it rates at 'neutral'.

The bank said it was also putting Severn and Pennon on "negative Catalyst Watch" into July 7th, when the water regulator, Ofwat, will be publishing a draft methodology for the next regulatory period.

"From a broader UK Utilities perspective we prefer those names with positive exposure to power prices, namely Drax (OW), Centrica (OW) and SSE (N), in that order," it said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

United Utilities Market Data

Currency UK Pounds
Share Price 1,106.00p
Change Today 8.00p
% Change 0.73 %
52 Week High 1,176.50p
52 Week Low 968.40p
Volume 237,798
Shares Issued 955.90m
Market Cap £10,572m
RiskGrade 118

United Utilities Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.48% below the market average37.48% below the market average37.48% below the market average37.48% below the market average37.48% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend Not Available
Income
43.09% above the market average43.09% above the market average43.09% above the market average43.09% above the market average43.09% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
68.65% below the market average68.65% below the market average68.65% below the market average68.65% below the market average68.65% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 8
Sell 1
Strong Sell 1
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

United Utilities Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Jun-22 16-Dec-21
Paid 01-Aug-22 01-Feb-22
Amount 29.00p 14.50p

Trades for 08-Aug-2022

Time Volume / Share Price
15:04 179 @ 1,106.00p
15:03 5 @ 1,106.00p
15:02 212 @ 1,106.00p
15:02 163 @ 1,106.00p
15:02 152 @ 1,106.00p

United Utilities Key Personnel

CEO Steven L Mogford
Chair David Higgins
CFO Phil Aspin

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