SSE (SSE)

Sector:

Electricity Generation and Distribution

Index:

FTSE 100

1,650.50p
   
  • Change Today:
    -4.50p
  • 52 Week High: 1,900.00
  • 52 Week Low: 1,508.00
  • Currency: UK Pounds
  • Shares Issued: 1,093.44m
  • Volume: 3,345,594
  • Market Cap: £18,047m
  • RiskGrade: 133

SSE sells 25% stake in transmission business for £1.46bn

By Frank Prenesti

Date: Friday 25 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Energy utility SSE is selling a 25% stake in its electricity transmission network business to Ontario Teachers' Pension Plan Board for £1.46bn.
The company said the deal would "unlock significant growth in both the transmission business and across the wider SSE group".

SSEN Transmission, which operates as Scottish Hydro Electric Transmission, will be chaired by SSE finance director Gregor Alexander. Ontario Teachers' will get proportional representation on the board.

The deal follows SSE's announcement in November last year to extend the partnering approach used in its renewables business to its core electricity distribution and transmission network assets as part its net zero acceleration programme.

Reporting by Frank Prenesti for Sharecast.com

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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.

 

Scottish & Southern Market Data

Currency UK Pounds
Share Price 1,650.50p
Change Today -4.50p
% Change -0.27 %
52 Week High 1,900.00
52 Week Low 1,508.00
Volume 3,345,594
Shares Issued 1,093.44m
Market Cap £18,047m
RiskGrade 133

Scottish & Southern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.05% below the market average31.05% below the market average31.05% below the market average31.05% below the market average31.05% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
10.27% below the market average10.27% below the market average10.27% below the market average10.27% below the market average10.27% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income
40.43% above the market average40.43% above the market average40.43% above the market average40.43% above the market average40.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
76.05% above the market average76.05% above the market average76.05% above the market average76.05% above the market average76.05% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 0
Strong Sell 0
Total 16
buy
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Scottish & Southern Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Jan-24 27-Jul-23
Paid 08-Mar-24 21-Sep-23
Amount 20.00p 67.70p

Trades for 25-Apr-2024

Time Volume / Share Price
17:44 1,003 @ 1,646.05p
17:13 1,171 @ 1,650.43p
17:11 869 @ 1,650.43p
17:11 482 @ 1,650.43p
16:52 51 @ 1,648.10p

Scottish & Southern Key Personnel

CEO Alistair Phillips-Davies

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