HomeMarket NewsSevern Trent (LSE:SVT) Growth Gains Momentum With 7.01% Price Target Surge

Severn Trent (LSE:SVT) Growth Gains Momentum With 7.01% Price Target Surge

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The Upward Trajectory

Shareholders of Severn Trent (LSE:SVT) have cause for celebration as the one-year price target has received an optimistic boost, leaping to 2,975.51 per share. This significant 7.01% increase from the previous estimate on January 16, 2024, reflects growing confidence in the company’s potential.

Analyst Insights

Composed of multiple projections, the average price target serves as a compass guiding investors, with the latest estimates ranging from 2,305.83 to 5,460.00 per share. Notably, the average target signifies a robust 17.19% upsurge from the recent closing price of 2,539.00 per share.

Steadfast Dividends

As Severn Trent advances, it continues to offer investors a solid return through a 4.37% dividend yield alongside a sustainable dividend payout ratio resting at 3.16. This balance is crucial, as a ratio exceeding one spells trouble, indicating a company possibly eating into reserves to maintain dividends.

Institutional Support

Revealing institutional confidence, 270 entities have positions in Severn Trent. While a slight decrease in ownership was noted in the last quarter, the average portfolio weight has surged by 15.78%, demonstrating a growing faith in SVT’s potential.

Major Shareholder Moves

GB:SVT / Severn Trent PLC Shares Held by Institutions

Lazard Global Listed Infrastructure Portfolio Institutional Shares, with 11,743K shares (3.93% ownership), have augmented their SVT holdings by 4.26%. In contrast, Vanguard Total International Stock Index Fund Investor Shares and Vanguard Developed Markets Index Fund Admiral Shares have increased and decreased their SVT holdings, respectively, in the last quarter.

Invesco S&P Global Water Index ETF and FlexShares Morningstar Global Upstream Natural Resources Index Fund saw conflicting movements, with one decreasing and the other increasing their stakes in Severn Trent.

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This article’s original publication resides on Fintel, where in-depth financial analysis finds its home.

The opinions expressed here represent the author’s thoughts and not necessarily those of Nasdaq, Inc.

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