I know that the mode for these threads tends to be smaller cap stocks but Pennon is looking so good at present I was interested to see if anyone else out there is holding or thinking of buying. The SP is on a fantastic run, it pays a nice fat dividend and even if the water regulators decision on prices was not what any of the water companies were looking for, Pennon is probably the least affected and the most favoured by analysts. Seems to me to be a winning combination!

StockMarketWire.com
Water utility and waste management group Pennon said annual profit rose by a quarter, owing to regulatory tariff increases, higher customer demand and cost savings.

Pre-tax profit rose 25% to £262.9m, as revenue rose 2.9% to £1.39bn.

On an underlying basis, pre-tax profit rose 3.5% to £258.8m.

The company declared a full-year dividend of 38.59p per share, up 7.3% on year.

'Pennon has delivered a strong performance this year across water and waste,' chief executive Chris Loughlin said.

The company said it continued to expect UK residual waste market dynamics to be favourable, with demand for Energy Recovery Facilities exceeding capacity into the long term

Half year results https://www.moneyam.com/action/news/showArticle?id=6221883

Deutsche Bank today downgrades its investment rating on Pennon Group PLC (LON:PNN) to hold (from buy) and raised its price target to 790p (from 780p).

I'm surprised it's not falling given IRV news.