SSE buys 660,938 shares as Jefferies keeps 3,060p target for SSE stock

Published on 10/22/2026 at 13:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSE caps scrip dividend take-up at 25 percent through 2029/30. SSE stock costs EUR 30.55 on October 22, 2026, with results due November 18.

Capital returns and earnings dates

SSE purchased 660,938 shares between October 12 and October 16, 2026.
Network investment rose 70 percent year on year in the October 1, 2026 trading update.
SSE stock trades at EUR 30.55 at 1:32 p.m. CEST at Lang & Schwarz on October 22, 2026.
Half-year results are scheduled for November 18, 2026.

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SSE plc (ISIN GB0007908733) purchased 660,938 ordinary shares in its buyback between October 12 and October 16, 2026, according to Investegate. The latest company update also leaves SSE stock tied to a capital-return program worth GBP 105 million.

Buyback reaches 660,938 shares

The purchases were held in treasury and left 1,220,984,165 voting rights after settlement, the October 19, 2026 regulatory announcement said. The program can acquire up to 4,246,975 shares and is scheduled to run through January 31, 2027, under the terms reported by Investegate on October 9, 2026.

The stated purpose is to manage scrip dividend take-up, which SSE capped at 25 percent for the financial year ended March 31, 2026. For investors, the first disclosed purchase represents 15.57 percent of the program's maximum share count, calculated from 660,938 divided by 4,246,975.

What supports the earnings outlook?

SSE's October 1, 2026 trading update said adjusted network investment was 70 percent higher year on year, while renewable generation output was expected to increase 20 percent. The company guided to half-year adjusted earnings per share of GBp 64.00 to GBp 68.00 and retained full-year guidance of GBp 168.00 to GBp 193.00 for 2026/27, according to SSE.

Jefferies retained its buy rating and GBp 3,060.00 price target on October 1, 2026, against a reference price of GBp 2,491.00, as reported by Yahoo Finance. The target was 22.84 percent above that reference price, using the source's two pence-denominated values.

Three dates frame the next steps

The chronology is clear: SSE reported 70 percent higher network investment on October 1, 2026; it announced the GBP 105 million buyback on October 9, 2026; and it disclosed 660,938 purchased shares on October 19, 2026.

What comes next for SSE?

SSE has scheduled its half-year results for November 18, 2026, covering the six months ended September 30, 2026. The buyback is scheduled to end by January 31, 2027, giving the next results release the nearer reporting milestone.

Price and company profile

SSE stock was trading at EUR 30.55 at Lang & Schwarz on October 22, 2026 at 1:32 p.m. CEST. On the London Stock Exchange, the share was quoted at GBp 2,544.00 at 11:36 a.m. UTC on October 22, 2026, with a 52-week range of GBp 1,843.00 to GBp 2,859.89 and market capitalization of GBP 30.9 billion.

The further course of trading is shown by the continuously updated real-time quote of SSE stock.