Pennon, United Utilities Set to Outperform Competitors -- Market Talk

Dow Jones

Dec 12, 2024

1000 GMT - Pennon and United Utilities are set to outperform their competitors, Barclays analysts write in a research note to clients. In August, Barclays downgraded its expectations for the two utility companies due to structural challenges across the sector that limited earnings potential. However, Barclays believes U.K. water regulator Ofwat could implement an outturn adjustment mechanism, which would place greater emphasis on water companies' performance relative to other providers. Pennon and United Utilities would benefit from this arrangement, which would lead to higher returns to shareholders, the analysts write. Barclays upgraded Pennon to overweight from equal weight, and United Utilities to equal weight from under weight. Pennon shares trade up 2.35% at 608.50 pence while United Utilities shares trade up 0.9% at 1080.50 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

December 12, 2024 05:00 ET (10:00 GMT)

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In August, Barclays downgraded its expectations for the two utility companies due to structural challenges across the sector that limited earnings potential. However, Barclays believes U.K. water regulator Ofwat could implement an outturn adjustment mechanism, which would place greater emphasis on water companies' performance relative to other providers. Pennon and United Utilities would benefit from this arrangement, which would lead to higher returns to shareholders, the analysts write. Barclays upgraded Pennon to overweight from equal weight, and United Utilities to equal weight from under weight. Pennon shares trade up 2.35% at 608.50 pence while United Utilities shares trade up 0.9% at 1080.50 pence. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 05:00 ET (10:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pennon, United Utilities Set to Outperform Competitors -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPennon, United Utilities Set to Outperform Competitors -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-12 18:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1000 GMT - Pennon and United Utilities are set to outperform their competitors, Barclays analysts write in a research note to clients. In August, Barclays downgraded its expectations for the two utility companies due to structural challenges across the sector that limited earnings potential. However, Barclays believes U.K. water regulator Ofwat could implement an outturn adjustment mechanism, which would place greater emphasis on water companies' performance relative to other providers. Pennon and United Utilities would benefit from this arrangement, which would lead to higher returns to shareholders, the analysts write. Barclays upgraded Pennon to overweight from equal weight, and United Utilities to equal weight from under weight. Pennon shares trade up 2.35% at 608.50 pence while United Utilities shares trade up 0.9% at 1080.50 pence. (adam.whittaker@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 05:00 ET (10:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UUGRY","symbol_name":"United Utilities Group PLC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490533808","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490533808","pubTimestamp":1733997600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1000 GMT - Pennon and United Utilities are set to outperform their competitors, Barclays analysts write in a research note to clients. In August, Barclays downgraded its expectations for the two utility companies due to structural challenges across the sector that limited earnings potential. However, Barclays believes U.K. water regulator Ofwat could implement an outturn adjustment mechanism, which would place greater emphasis on water companies' performance relative to other providers. Pennon and United Utilities would benefit from this arrangement, which would lead to higher returns to shareholders, the analysts write. Barclays upgraded Pennon to overweight from equal weight, and United Utilities to equal weight from under weight. Pennon shares trade up 2.35% at 608.50 pence while United Utilities shares trade up 0.9% at 1080.50 pence. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"UUGRY":"United Utilities Group PLC","PEGRY":"Pennon Group PLC","UBCP":"联合合众银行"},"translate_title":"Pennon和United Utilities将超越竞争对手——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PEGRY":0.9,"UBCP":1,"UUGRY":0.9},"content_text":"1000 GMT - Pennon and United Utilities are set to outperform their competitors, Barclays analysts write in a research note to clients. In August, Barclays downgraded its expectations for the two utility companies due to structural challenges across the sector that limited earnings potential. However, Barclays believes U.K. water regulator Ofwat could implement an outturn adjustment mechanism, which would place greater emphasis on water companies' performance relative to other providers. Pennon and United Utilities would benefit from this arrangement, which would lead to higher returns to shareholders, the analysts write. Barclays upgraded Pennon to overweight from equal weight, and United Utilities to equal weight from under weight. Pennon shares trade up 2.35% at 608.50 pence while United Utilities shares trade up 0.9% at 1080.50 pence. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 12, 2024 05:00 ET (10:00 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}