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Pennon Group plc
(LSE:PNN)
Pennon Group plc (PNN) vs. iShares MSCI United Kingdom ETF (EWC)
Pennon Group plc Business Overview & Revenue Model
Pennon Group plc Earnings Call Summary
Pennon Group plc Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 985.40M | 907.80M | 797.20M | 792.30M | 624.10M | 635.70M |
| Gross Profit | 926.70M | 856.00M | 506.70M | 532.30M | 411.60M | 621.80M |
| EBITDA | 276.10M | 319.90M | 292.00M | 370.70M | 313.30M | 310.80M |
| Net Income | -41.20M | -9.50M | 100.00K | 15.40M | 79.50M | 116.60M |
Balance Sheet | ||||||
| Total Assets | 6.47B | 6.23B | 5.19B | 5.34B | 6.42B | 6.76B |
| Cash, Cash Equivalents and Short-Term Investments | 137.00M | 145.40M | 165.40M | 519.00M | 2.92B | 438.70M |
| Total Debt | 4.42B | 3.97B | 3.13B | 3.20B | 2.85B | 4.01B |
| Total Liabilities | 5.46B | 5.07B | 4.06B | 4.06B | 3.44B | 5.05B |
| Stockholders Equity | 1.01B | 1.16B | 1.12B | 1.27B | 2.98B | 1.71B |
Cash Flow | ||||||
| Free Cash Flow | -484.20M | -450.00M | -173.70M | 25.90M | 15.90M | 33.20M |
| Operating Cash Flow | 173.20M | 148.90M | 157.50M | 254.90M | 206.20M | 366.00M |
| Investing Cash Flow | -747.30M | -658.00M | -330.50M | -639.60M | 3.44B | -323.30M |
| Financing Cash Flow | 646.50M | 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | £52.18B | 17.27 | 8.35% | 5.77% | -7.42% | 5.84% | |
71 Outperform | £8.25B | 35.84 | 12.73% | 3.88% | 5.38% | 86.34% | |
71 Outperform | £20.12B | 16.91 | 12.29% | 2.31% | -13.09% | 231.40% | |
66 Neutral | £1.12B | 112.67 | 3.25% | ― | -5.70% | -50.00% | |
64 Neutral | £7.78B | 29.40 | 13.05% | 4.38% | 8.61% | ― | |
62 Neutral | C$4.81B | -11.76 | -12.21% | 4.99% | 11.13% | -68.91% | |
56 Neutral | £2.37B | ― | -4.44% | 5.92% | 20.25% | -128.71% |
Pennon Group plc Corporate Events
Impax Asset Management Group plc has adjusted its holdings in Pennon Group plc, reducing its voting rights from 5.053064% to 4.996396%. This change, managed by Impax Asset Management Limited, reflects a slight shift in the investment strategy and could influence Pennon’s shareholder dynamics and market perception.
Spark’s Take on GB:PNN Stock
According to Spark, TipRanks’ AI Analyst, GB:PNN is a Neutral.
Pennon Group plc’s overall stock score reflects significant financial challenges due to high leverage and negative net income. However, technical indicators show positive momentum, and recent corporate events indicate management’s confidence. The high dividend yield provides some valuation support, but the negative P/E ratio remains a concern. Strategic initiatives and strong investor confidence result in a moderate score.
To see Spark’s full report on GB:PNN stock, click here.
Pennon Group plc announced transactions involving its Group Chief Executive Officer, Susan Jane Davy, and Group Chief Financial Officer, Laura Flowerdew, who both purchased shares to be included in the company’s Share Incentive Plan. These transactions, conducted on the London Stock Exchange, reflect the executives’ commitment to the company’s growth and align their interests with those of shareholders, potentially impacting stakeholder confidence positively.
Spark’s Take on GB:PNN Stock
According to Spark, TipRanks’ AI Analyst, GB:PNN is a Neutral.
Pennon Group plc’s overall score is moderate due to financial challenges such as high leverage and negative net income. However, strategic corporate initiatives and a high dividend yield provide some support. The absence of strong technical momentum and negative valuation ratios further moderate the score.
To see Spark’s full report on GB:PNN stock, click here.
Pennon Group plc announced a transaction involving its Group Chief Executive Officer, Susan Jane Davy, who reinvested dividends into a Share Incentive Plan by purchasing ordinary shares. This transaction, conducted on the London Stock Exchange, reflects ongoing confidence in the company’s performance and aligns with regulatory compliance under the EU Market Abuse Regulation.
Spark’s Take on GB:PNN Stock
According to Spark, TipRanks’ AI Analyst, GB:PNN is a Neutral.
Pennon Group shows strategic investment plans and strong investor confidence, yet faces significant financial challenges with high leverage and negative net income. Technical indicators suggest upward momentum, but valuation concerns persist with a negative P/E ratio, despite a high dividend yield. The combination of strategic initiatives and financial vulnerabilities results in a moderate overall stock score.
To see Spark’s full report on GB:PNN stock, click here.
Pennon Group plc has announced the appointment of Andrea Blance as a Non-Executive Director and Chair of the Remuneration Committee effective April 8, 2025. Andrea Blance brings a wealth of experience in risk management and regulation from her extensive career in financial services, having held significant roles at Aviva plc, Legal & General Group plc, and other prominent financial institutions. Her appointment is expected to enhance Pennon’s strategic focus on customer-centric commercial strategies and sustainable shareholder value, aligning with the company’s commitment to delivering positive impacts for customers, stakeholders, and the environment.
Spark’s Take on GB:PNN Stock
According to Spark, TipRanks’ AI Analyst, GB:PNN is a Neutral.
Pennon Group shows strategic investment plans and strong investor confidence, yet faces significant financial challenges with high leverage and negative net income. Technical indicators suggest upward momentum, but valuation concerns persist with a negative P/E ratio, despite a high dividend yield. The combination of strategic initiatives and financial vulnerabilities results in a moderate overall stock score.
To see Spark’s full report on GB:PNN stock, click here.
Pennon Group PLC has announced its total voting rights and capital as of March 31, 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’s trading update for the year ending 31 March 2025 indicates that financial performance is in line with management expectations, despite challenges such as lower customer demand and inflationary pressures. The company is progressing with its investment programs, including a £1bn initiative for 2025-2030, and has raised approximately £1.3bn to support its record investment plans. Additionally, Pennon is making strides in environmental performance, reducing storm overflow releases and maintaining strong water quality, while also planning new customer affordability support initiatives.
Pennon Group plc announced transactions involving its top executives, CEO Susan Jane Davy and CFO Laura Flowerdew, who have purchased shares as part of a Share Incentive Plan. These transactions, conducted on the London Stock Exchange, reflect the executives’ commitment to the company’s growth and align their interests with those of shareholders.
Pennon Group PLC, a UK-based company, has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. The notification indicates that BlackRock’s total voting rights in Pennon Group have slightly increased to 5.54% as of March 14, 2025, due to an acquisition or disposal of voting rights. This adjustment in BlackRock’s holdings may have implications for Pennon Group’s governance and shareholder dynamics.
Pennon Group plc is hosting a Capital Markets Event in Exeter, Devon, following the completion of a rights issue. This event aims to provide insights into their largest investment program, K8, and showcase operational sites and innovations. The event highlights the company’s strategic focus on growth and innovation, potentially impacting its market position and stakeholder engagement.
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.