Severn Trent (SVT)

Sector:

Utilities

Index:

FTSE 100

2,737.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 2,761.00p
  • 52 Week Low: 2,336.00p
  • Currency: UK Pounds
  • Shares Issued: 300.20m
  • Volume: 1,594,502
  • Market Cap: £8,216m
  • RiskGrade: 109
  • Beta: 0.83

Ofwat expands sewage investigation to all wastewater companies in England and Wales

By Michele Maatouk

Date: Tuesday 16 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Severn Trent.
The regulator has also served formal notices on Dŵr Cymru Welsh Water and Hafren Dyfrdwy.

"The opening of these enforcement cases follows detailed analysis of information on companies' environmental performance and data about how often these companies spill from storm overflows," it said.

"This has heightened Ofwat's concerns that these companies may not be fulfilling their obligations to protect the environment and minimise pollution."

The addition of four more water firms means there are now enforcement activities underway against all 11 water and wastewater companies in England and Wales.

Enforcement cases against Anglian Water, Northumbrian Water, South West Water, Thames Water, Wessex Water, and Yorkshire Water were previously announced in 2022, with "extensive" investigations still ongoing. Meanwhile, Southern Water remains subject to enforcement monitoring following a previous enforcement case in 2019.

Ofwat chief executive David Black said: "This is the largest and most complex investigation Ofwat has undertaken. However, Ofwat is committed to concluding these cases as quickly as possible, so that the sector can focus on delivering the £88bn expenditure PR24 will unlock to deliver cleaner rivers and seas. As part of this package of investment £10bn is ear marked to tackle storm overflows with a target to reduce spills from storm overflows by 44%."

He noted that Severn Trent recently announced a programme to significantly reduce use of storm overflow.

"The investigation will consider both current and past performance and reflect on the steps companies are now taking in deciding if and what action is needed," Black added.

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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.

 

Severn Trent Market Data

Currency UK Pounds
Share Price 2,737.00p
Change Today 10.00p
% Change 0.37 %
52 Week High 2,761.00p
52 Week Low 2,336.00p
Volume 1,594,502
Shares Issued 300.20m
Market Cap £8,216m
Beta 0.83
RiskGrade 109

Severn Trent Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.05% below the market average89.05% below the market average89.05% below the market average89.05% below the market average89.05% 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
37.23% above the market average37.23% above the market average37.23% above the market average37.23% above the market average37.23% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
18.16% below the market average18.16% below the market average18.16% below the market average18.16% below the market average18.16% 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
Growth
34.6% below the market average34.6% below the market average34.6% below the market average34.6% below the market average34.6% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 2
Sell 2
Strong Sell 1
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Severn Trent Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-24 30-May-24
Paid 10-Jan-25 17-Jul-24
Amount 48.68p 70.10p

Trades for 21-Nov-2024

Time Volume / Share Price
14:52 578,111 @ 2,746.00p
14:52 578,111 @ 2,746.00p
15:51 2 @ 2,748.00p
15:51 3 @ 2,748.00p
16:36 1,341 @ 2,737.00p

Severn Trent Key Personnel

CEO Olivia (Liv) Garfield
Chair Christine Mary Hodgson
CFO Helen Miles

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