Severn Trent (OTCMKTS:STRNY) Shares Down 1.9% – Here’s What Happened

Severn Trent PLC (OTCMKTS:STRNY) fell 1.9% during mid-day trading on Thursday . The stock traded as low as $30.68 and last traded at $30.83. 48,553 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 74,836 shares. The stock had previously closed at $31.43.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STRNY. Sanford C. Bernstein upgraded Severn Trent from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Citigroup raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 5th.

Severn Trent Stock Performance

The stock has a 50-day moving average price of $31.70 and a 200 day moving average price of $33.29.

Severn Trent Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, December 2nd were issued a $0.6167 dividend. The ex-dividend date was Monday, December 2nd. Severn Trent’s payout ratio is presently 133.03%.

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.