Severn Trent (OTCMKTS:STRNY) Trading Up 1.9% – Still a Buy?

Severn Trent PLC (OTCMKTS:STRNY) shares shot up 1.9% on Wednesday . The stock traded as high as $37.77 and last traded at $37.65. 11,977 shares were traded during mid-day trading, a decline of 57% from the average session volume of 27,546 shares. The stock had previously closed at $36.96.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STRNY. Zacks Research cut Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. Morgan Stanley reissued an “overweight” rating on shares of Severn Trent in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Severn Trent Trading Up 1.9%

The firm has a fifty day moving average of $37.28 and a 200 day moving average of $36.47.

Severn Trent Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.6091 per share. This represents a dividend yield of 409.0%. The ex-dividend date of this dividend is Monday, December 1st. Severn Trent’s payout ratio is presently 147.68%.

Severn Trent Company Profile

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.