SSEZF - SSE: Keeping Focus On Utility Stocks
2024-04-10 23:47:58 ET
Summary
- SSE plc is a utility company with solid fundamentals, including a 5%+ dividend yield and a normalized P/E of around 10x.
- The company reaffirms its 2024E guidance, indicating positive growth potential.
- SSE faces challenges with renewable output and weather variability, but new government policies are supportive of the business. I still view it as a "Buy", but better ones exist.
Dear readers/followers,
I've been focusing on utility stocks for some time, and have been increasing my exposure to the sector for about half a year, starting a long time ago with the company Enel (ENLAY). This investment, while it has gone up and then down again, has nonetheless what I view as solid fundamental potential, with a great potential income for those investors who focus on dividends. And a portion of my portfolio is obviously focused on dividends.
In this article though, I'll be looking at SSE plc (SSEZY) (SSEZF), a company that I've had a position in for some time, but that hasn't really been expanded in my portfolio for some time....
SSE: Keeping Focus On Utility Stocks