National Grid (LON:NG) Shares Down 0.2% – Should You Sell?

National Grid plc (LON:NG)’s stock price was down 0.2% during trading on Tuesday . The stock traded as low as GBX 938.80 ($11.75) and last traded at GBX 943.60 ($11.81). Approximately 4,716,155 shares traded hands during trading, The stock had previously closed at GBX 945.20 ($11.83).

Analyst Ratings Changes

A number of equities analysts have weighed in on NG shares. Citigroup restated a “top pick” rating on shares of National Grid in a report on Monday, September 16th. Berenberg Bank lowered their price target on shares of National Grid from GBX 1,150 ($14.39) to GBX 1,070 ($13.39) and set a “hold” rating for the company in a report on Monday, October 14th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,181.25 ($14.78).

National Grid Trading Up 0.7 %

The stock has a market capitalization of £46.46 billion, a price-to-earnings ratio of 1,727.27, a PEG ratio of 2.06 and a beta of 0.25. The firm has a 50-day moving average of GBX 969.69 and a 200 day moving average of GBX 975.37. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24.

National Grid Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be given 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 (DPR) is 10,363.64%.

About National Grid

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.