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

National Grid plc (LON:NG) insider Andrew Agg acquired 16 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average price of GBX 941 ($11.49) per share, with a total value of £150.56 ($183.83).

National Grid Trading Down 1.8 %

National Grid stock opened at GBX 918.40 ($11.21) on Friday. National Grid plc has a one year low of GBX 645 ($7.88) and a one year high of GBX 1,145.50 ($13.99). The stock has a market cap of £44.91 billion, a PE ratio of 1,669.82, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91. The stock has a 50-day moving average of GBX 963.28 and a two-hundred day moving average of GBX 977.06.

National Grid Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be issued a GBX 15.84 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 1.61%. National Grid’s dividend payout ratio is currently 10,363.64%.

Wall Street Analyst Weigh In

Several research firms have commented on NG. Berenberg Bank decreased their price target on shares of National Grid from GBX 1,150 ($14.04) to GBX 1,070 ($13.06) and set a “hold” rating for the company in a research report on Monday, October 14th. Citigroup reiterated a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, National Grid currently has an average rating of “Buy” and a consensus target price of GBX 1,181.25 ($14.42).

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.