Insider Buying: United Utilities Group PLC (LON:UU) Insider Acquires £182.64 in Stock

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United Utilities Group PLC (LON:UU) insider Russ Houlden bought 24 shares of United Utilities Group stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of GBX 761 ($9.94) per share, with a total value of £182.64 ($238.65).

Russ Houlden also recently made the following trade(s):

  • On Monday, June 17th, Russ Houlden sold 3,252 shares of United Utilities Group stock. The stock was sold at an average price of GBX 826 ($10.79), for a total value of £26,861.52 ($35,099.33).
  • On Friday, May 31st, Russ Houlden sold 22,168 shares of United Utilities Group stock. The stock was sold at an average price of GBX 790 ($10.32), for a total value of £175,127.20 ($228,834.71).

UU opened at GBX 789.20 ($10.31) on Friday. The stock has a 50-day moving average price of GBX 783.07 and a 200-day moving average price of GBX 813.28. United Utilities Group PLC has a 12-month low of GBX 674.40 ($8.81) and a 12-month high of GBX 879.60 ($11.49). The company has a current ratio of 0.69, a quick ratio of 0.58 and a debt-to-equity ratio of 251.25. The stock has a market capitalization of $5.38 billion and a P/E ratio of 14.83.

The company also recently disclosed a dividend, which was paid on Thursday, August 1st. Stockholders of record on Thursday, June 20th were issued a GBX 27.52 ($0.36) dividend. This is a boost from United Utilities Group’s previous dividend of $13.76. This represents a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, June 20th. United Utilities Group’s dividend payout ratio is presently 0.77%.

A number of research firms have recently issued reports on UU. Macquarie reiterated an “outperform” rating and issued a GBX 950 ($12.41) price objective on shares of United Utilities Group in a report on Monday, June 17th. JPMorgan Chase & Co. cut their price objective on United Utilities Group from GBX 920 ($12.02) to GBX 900 ($11.76) and set an “overweight” rating for the company in a report on Monday, July 8th. Deutsche Bank upgraded United Utilities Group to a “buy” rating and upped their price objective for the stock from GBX 820 ($10.71) to GBX 850 ($11.11) in a report on Tuesday, July 23rd. Credit Suisse Group upped their price objective on United Utilities Group from GBX 800 ($10.45) to GBX 860 ($11.24) and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of United Utilities Group in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 862.83 ($11.27).

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of consulting and project management services. The company operates 42,000 kilometers (km) of water pipes; 77,000 km of wastewater pipes; 568 wastewater treatment works; and 88 water treatment works.

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