National Grid plc (LON:NG) Insider Acquires £150.56 in Stock

National Grid plc (LON:NG) insider Andrew Agg bought 16 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of GBX 941 ($11.74) per share, for a total transaction of £150.56 ($187.82).

National Grid Trading Down 0.3 %

NG stock traded down GBX 2.40 ($0.03) during mid-day trading on Wednesday, reaching GBX 939.80 ($11.72). 4,820,309 shares of the stock traded hands. The stock’s fifty day moving average is GBX 965.44 and its 200-day moving average is GBX 977.64. National Grid plc has a 52-week low of GBX 645 ($8.05) and a 52-week high of GBX 1,145.50 ($14.29). The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. The company has a market cap of £45.96 billion, a P/E ratio of 1,708.73, a P/E/G ratio of 2.06 and a beta of 0.25.

National Grid Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be paid a GBX 15.84 ($0.20) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.61%. National Grid’s dividend payout ratio is presently 10,363.64%.

Analyst Upgrades and Downgrades

NG has been the topic of several research reports. Citigroup restated a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. Berenberg Bank reduced their price target on shares of National Grid from GBX 1,150 ($14.35) to GBX 1,070 ($13.35) and set a “hold” rating for the company in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, National Grid currently has a consensus rating of “Buy” and an average target price of GBX 1,181.25 ($14.74).

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.