Severn Trent (OTCMKTS:STRNY) Trading Down 2.3% – Here’s Why

Severn Trent PLC (OTCMKTS:STRNY) shares dropped 2.3% on Friday . The company traded as low as $30.62 and last traded at $30.79. Approximately 62,271 shares traded hands during trading, an increase of 71% from the average daily volume of 36,435 shares. The stock had previously closed at $31.53.

Analysts Set New Price Targets

Separately, Citigroup upgraded Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 5th.

Severn Trent Price Performance

The company’s fifty day moving average is $33.62 and its two-hundred day moving average is $33.58.

Severn Trent Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, December 2nd will be issued a dividend of $0.6167 per share. The ex-dividend date of this dividend is Monday, December 2nd. Severn Trent’s dividend payout ratio (DPR) is presently 137.91%.

About Severn Trent

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.