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Pennon Group plc (PNN) vs. S&P 500 (SPY)
Pennon Group plc Business Overview & Revenue Model
Pennon Group plc Financial Statement Overview
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 907.80M | 797.20M | 792.30M | 624.10M | 635.70M | Gross Profit |
| 856.00M | 506.70M | 532.30M | 411.60M | 621.80M | EBIT |
| 140.40M | 106.30M | 236.20M | 194.70M | 237.00M | EBITDA |
| 319.90M | 292.00M | 370.70M | 313.30M | 310.80M | Net Income Common Stockholders |
| -9.50M | 100.00K | 15.40M | 79.50M | 116.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 145.40M | 165.40M | 519.00M | 2.92B | 438.70M | Total Assets |
| 6.23B | 5.19B | 5.34B | 6.42B | 6.76B | Total Debt |
| 3.97B | 3.13B | 3.20B | 2.85B | 4.01B | Net Debt |
| 3.82B | 2.97B | 2.68B | -64.30M | 3.57B | Total Liabilities |
| 5.07B | 4.06B | 4.06B | 3.44B | 5.05B | Stockholders Equity |
| 1.16B | 1.12B | 1.27B | 2.98B | 1.71B |
| Cash Flow | Free Cash Flow | |||
| -450.00M | -173.70M | 25.90M | 15.90M | 33.20M | Operating Cash Flow |
| 148.90M | 157.50M | 254.90M | 206.20M | 366.00M | Investing Cash Flow |
| -658.00M | -330.50M | -639.60M | 3.44B | -323.30M | Financing Cash Flow |
| 510.80M | -180.60M | -2.02B | -1.43B | 63.60M |
Pennon Group plc Technical Analysis
Pennon Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £16.79B | 8.65 | 15.48% | 4.06% | -13.09% | 231.40% | |
67 Neutral | £47.70B | 22.60 | 7.67% | 5.74% | -6.68% | -77.57% | |
65 Neutral | $12.05B | 15.92 | 6.71% | 4.32% | 8.04% | 3.76% | |
63 Neutral | £7.51B | 32.20 | 7.64% | 4.88% | 5.38% | 86.34% | |
56 Neutral | £6.68B | 59.05 | 6.17% | 5.24% | 8.61% | ― | |
51 Neutral | £1.98B | ― | -0.82% | 8.66% | 20.25% | -128.71% |
Pennon Group plc Corporate Events
Pennon Group plc, a UK-based company, has announced a significant change in its voting rights structure. Legal & General Investment Management Limited has reduced its voting rights in the company from 5.41% to 2.94%, which could impact the company’s decision-making processes and influence within the market.
Pennon Group plc announced a change in voting rights due to an acquisition or disposal by Barclays PLC, which has resulted in their voting rights falling below the minimum threshold. This adjustment in holdings could influence Pennon’s shareholder dynamics and potentially impact its strategic decisions, reflecting the fluid nature of stakeholder engagement in the industry.
Pennon Group plc has announced its total voting rights and capital structure as of February 28, 2025. The company has an issued share capital of 471,976,711 ordinary shares, with 5,628 shares held in treasury, resulting in a total of 471,971,083 voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.
Pennon Group PLC, a UK-based company, has experienced a change in the breakdown of its voting rights due to a corporate event that increased the number of shares issued. Amundi SA, based in Paris, France, now holds 4.71% of the voting rights in Pennon Group, down from a previous position of 5.11%. This adjustment in voting rights reflects the impact of the corporate event on the company’s shareholder structure.
Pennon Group PLC has announced a change in its voting rights due to an acquisition or disposal, as reported by JPMorgan Chase & Co. The notification indicates that the voting rights have fallen below the minimum threshold, suggesting a potential shift in shareholder influence and control dynamics within the company.
Pennon Group PLC, a UK-based issuer, has experienced a change in major holdings due to the acquisition or disposal of financial instruments by Barclays PLC. Barclays, through its controlled undertakings, has adjusted its position in Pennon Group, resulting in a total holding of 5.53% of voting rights as of 19 February 2025. This adjustment signifies a strategic move by Barclays PLC, potentially impacting Pennon’s shareholder dynamics and market perception.
Pennon Group PLC, a leading UK company, has announced a change in major holdings as Legal & General Investment Management Limited has adjusted its position. The notification reveals that Legal & General now holds 5.41% of voting rights in Pennon Group, indicating a significant interest from a major institutional investor, which could impact the company’s future strategies and market perception.
Barclays PLC has increased its financial holdings in Pennon Group plc, crossing a notable voting rights threshold. This acquisition, which raises Barclays’ control to 6.75% of voting rights through financial instruments, reflects a strategic positioning that could impact Pennon’s governance structure and stakeholder dynamics.
Pennon Group plc has announced the purchase of shares by two of its top executives, CEO Susan Jane Davy and CFO Laura Flowerdew, as part of a Share Incentive Plan (SIP). Both transactions were completed on February 19, 2025, on the London Stock Exchange, with purchases priced at 455p per share. This move signifies a commitment by the company’s leadership to align their interests with those of shareholders, potentially enhancing stakeholder confidence in the company’s management and future strategies.
Pennon Group plc, a UK-based entity, has announced a significant change in its voting rights and financial instruments. On February 17, 2025, JPMorgan Chase & Co. crossed a threshold with a total of 5.174849% of voting rights in Pennon Group, up from below the minimum threshold previously. This acquisition includes 1.361689% from direct voting rights and 3.813160% through financial instruments, indicating a strategic move by JPMorgan to strengthen its position in the company. This shift may have implications for the company’s governance and strategic direction, potentially affecting stakeholders.
Pennon Group plc has announced a change in its major holdings as Barclays PLC has adjusted its position in the company. Barclays’ total voting rights through financial instruments have decreased from 6.23% to 5.89%, indicating a slight reduction in their stake. This adjustment reflects ongoing portfolio management strategies by Barclays, potentially impacting the dynamics of shareholder influence within Pennon Group. Stakeholders may view this as an indicator of Barclays’ current evaluation of its investment in the company, which could influence market perceptions of Pennon Group’s stock.
Pennon Group plc announced the successful completion of a Rump Placing as part of its Rights Issue, managed by Barclays Bank PLC and Morgan Stanley & Co. International plc. The placing was oversubscribed, reflecting strong investor confidence in the company and supporting Pennon’s substantial capital investment program aimed at enhancing service delivery to customers, the environment, and shareholders over the next five years.
Pennon Group plc announced the closure of its Rights Issue, which involved offering 185,928,002 new ordinary shares at a price of 264 pence each. The issue was met with a 92.586% acceptance rate, indicating strong investor interest and confidence in the company’s financial strategy. The remaining shares not taken up by qualifying shareholders will be managed by underwriters Barclays Bank PLC and Morgan Stanley & Co., who have committed to procuring subscribers or purchasing the remaining shares themselves. This successful capital raising is expected to strengthen Pennon’s financial position and support its ongoing investment plans.
Pennon Group plc has announced a change in voting rights due to an acquisition or disposal by JPMorgan Chase & Co. As of February 13, 2025, JPMorgan’s voting rights in Pennon Group have fallen below the minimum threshold, which signifies a reduced influence on company decisions. This shift may impact Pennon’s strategic direction as large stakeholders play a crucial role in shaping corporate governance.
Pennon Group PLC, a UK-based company, has announced that Barclays PLC has increased its voting rights in the company to 6.23% as of February 11, 2025. This change in holdings could potentially impact Pennon’s governance and influence future shareholder decisions, providing Barclays with more significant sway in company affairs.
Pennon Group PLC, a UK-based company, has announced a change in major holdings due to an acquisition or disposal of financial instruments by Barclays PLC. As a result of this transaction, Barclays’ total voting rights in Pennon Group have increased to 6.1%. This change reflects an increase from a previous position of 5.25%, marking a significant shift in the shareholder structure.
Pennon Group PLC has reported a change in major shareholdings, following JPMorgan Chase & Co.’s acquisition of financial instruments which has increased its total voting rights in Pennon to 5.078645%. This announcement highlights a significant shift in Pennon’s shareholder structure, with JPMorgan now holding a substantial influence in the company. The change may impact Pennon’s strategic decisions and future operations, as major shareholders often have significant sway over corporate governance.
Pennon Group plc has been notified of an acquisition or disposal of voting rights by JPMorgan Chase & Co. The notification indicates that JPMorgan’s voting rights in Pennon have fallen below the minimum threshold, reflecting a change in their investment stance or portfolio strategy. This shift could have implications for Pennon’s market positioning and investor confidence, although specific impacts were not detailed in the announcement.
Pennon Group plc has released a Supplementary Prospectus related to its GBP 2.5 billion Euro Medium Term Note Programme established by South West Water Finance PLC. This update signifies a financial strategy to potentially enhance liquidity and secure funding, reflecting the company’s proactive approach to maintaining robust financial health and supporting its operational commitments.
Pennon Group PLC, a UK-based utility company, has announced a significant change in its shareholder composition. Bank of America Corporation has reduced its shareholding in Pennon Group, crossing a threshold that necessitated notification. This change involves a notable reduction in both direct and indirect voting rights, potentially impacting the company’s governance and influence from major stakeholders.
JPMorgan Chase & Co. has made a significant adjustment in its holdings in Pennon Group plc, reflecting a combined 5.36% of voting rights through shares and financial instruments. This change in voting rights signals a strategic investment by JPMorgan, potentially influencing Pennon’s corporate decisions and impacting stakeholder interests.
Pennon Group PLC, a UK-based company, has been notified of a significant change in its voting rights structure due to transactions by Bank of America Corporation. The transaction involved both an acquisition and disposal of voting rights and financial instruments, resulting in a total voting rights position of 5.77% as of February 3, 2025. This change could impact the stakeholder dynamics and influence the company’s strategic decisions moving forward.
Pennon Group plc, a major player in the utilities sector, announced that as of January 31, 2025, its issued share capital is comprised of 286,048,709 ordinary shares, with 5,628 held in treasury. This update, which details the total voting rights as 286,043,081 shares, is crucial for shareholders to assess voting power and compliance with the FCA’s Disclosure Guidance and Transparency Rules.
Pennon Group plc has announced the admission of 185,928,002 new ordinary shares as part of a Rights Issue, with these shares now being listed on the London Stock Exchange. This move is part of the company’s efforts to bolster its financial foundation, potentially enhancing its market position and investor appeal.
Pennon Group PLC has announced the publication of a prospectus approved by the Financial Conduct Authority in connection with its rights issue aimed at raising approximately £490 million in gross proceeds. This move is part of the company’s strategic financial planning and reflects its efforts to strengthen its capital structure, potentially enhancing its market position and stability, benefiting stakeholders including investors and shareholders.
Pennon Group plc has announced a fully underwritten rights issue to raise approximately £490 million, offering 185,928,002 new ordinary shares at 264 pence per share. This capital raise is part of a comprehensive financing package intended to support a significant investment plan through the K8 period to March 2030, in line with Ofwat’s Final Determinations. The investment aims to deliver a £3.2 billion capital investment, driving growth in the regulated capital value by at least 34% and targeting a 7% return on regulated equity. Pennon is also set to maintain a gearing policy of 55-65% for its water businesses and is adopting a new dividend policy aligned with CPIH inflation up to 2030, reflecting a commitment to shareholder value.
Pennon Group plc has accepted Ofwat’s Final Determinations for its subsidiaries, South West Water and Sutton and East Surrey Water, paving the way for a significant increase in investment over the 2025-2030 period. The company is launching a £490 million rights issue to support this record £3.2 billion investment aimed at enhancing customer outcomes and environmental sustainability, including projects like new reservoirs and nature recovery programs. To maintain financial resilience, Pennon is committed to a robust balance sheet and sustainable dividend growth linked to inflation. This strategic move not only aids in improving the company’s regulatory capital value but also supports its long-term credit rating, offering substantial asset growth and income potential for shareholders.
Pennon Group plc has announced transactions involving its top executives, the Group Chief Executive Officer, Susan Jane Davy, and the Group Chief Financial Officer, Laura Flowerdew. Both executives have purchased ordinary shares as part of the company’s Share Incentive Plan, reflecting confidence in the company’s strategic direction and potential for future growth. These transactions were conducted on the London Stock Exchange.
Pennon Group plc has announced that Loraine Woodhouse will assume the role of Senior Independent Director at British Land Company plc starting January 31, 2025. This appointment highlights Loraine Woodhouse’s growing influence within the industry and suggests strategic alignment between Pennon Group and other prominent companies, potentially impacting stakeholder relations.
Pennon Group plc has announced its total voting rights and share capital as of December 31, 2024. The company disclosed that its issued share capital comprises 286,048,709 ordinary shares, with 5,628 shares held in treasury, resulting in a total of 286,043,081 voting rights. This information is crucial for shareholders to determine their required notifications under the FCA’s Disclosure Guidance and Transparency Rules.
Pennon Group plc announced that both its Group Chief Executive Officer, Susan Jane Davy, and Group Chief Financial Officer, Laura Flowerdew, have purchased company shares as part of a Share Incentive Plan. The transactions were conducted on the London Stock Exchange, each purchasing 25 shares at a price of 606p per share on December 19, 2024. This move reflects confidence in the company’s stability and growth potential, possibly signaling positive future prospects to stakeholders.
Ofwat has published its PR24 Final Determination for the K8 period (2025 – 2030), affecting Pennon Group’s subsidiaries, South West Water (SWW) and Sutton and East Surrey Water (SES). The determination includes a sector-wide cost of capital of 4.03% and allocates Totex allowances and revenues for SWW and SES. SWW is recognized with a 30 basis points uplift for its outstanding business plan, while SES receives a 5 basis points uplift for a good plan. Pennon Group is reviewing the final determinations and plans to respond by mid-February 2025.
Pennon Group’s South West Water Finance Plc has issued GBP 250 million in fixed rate notes due 2032, offering an interest rate of 5.75%. This issuance is part of their Euro Medium Term Note Programme and is fully guaranteed by South West Water Limited. The move is an important financial maneuver designed to raise substantial capital for future endeavors.