United Utilities Group (UU) Trading Up 1.1%

United Utilities Group PLC (LON:UU) was up 1.1% during trading on Tuesday . The company traded as high as GBX 771.20 ($10.46) and last traded at GBX 771.20 ($10.46). Approximately 2,012,621 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 2,170,000 shares. The stock had previously closed at GBX 763 ($10.35).

UU has been the topic of a number of research reports. Deutsche Bank reissued a “hold” rating and issued a GBX 930 ($12.61) price objective on shares of United Utilities Group in a report on Tuesday, November 7th. Credit Suisse Group reissued an “underperform” rating and issued a GBX 850 ($11.53) price objective on shares of United Utilities Group in a report on Thursday, November 2nd. JPMorgan Chase & Co. cut their price objective on United Utilities Group from GBX 1,070 ($14.51) to GBX 1,000 ($13.56) and set an “overweight” rating on the stock in a report on Thursday, December 7th. Barclays reissued an “equal weight” rating on shares of United Utilities Group in a report on Tuesday, November 14th. Finally, HSBC lowered United Utilities Group to a “hold” rating and cut their price objective for the company from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. United Utilities Group presently has an average rating of “Hold” and an average price target of GBX 943.67 ($12.80).

The firm has a market capitalization of $5,280.00 and a price-to-earnings ratio of 1,223.87.

The company also recently disclosed a dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, December 21st will be issued a GBX 13.24 ($0.18) dividend. This represents a dividend yield of 1.68%. The ex-dividend date is Thursday, December 21st.

In related news, insider Russ Houlden sold 4,400 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of GBX 819 ($11.11), for a total transaction of £36,036 ($48,869.00). Also, insider Steven L. Mogford sold 217,500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of GBX 801 ($10.86), for a total value of £1,742,175 ($2,362,591.54). Insiders sold 226,743 shares of company stock worth $181,743,930 over the last three months.

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About United Utilities Group

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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