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

National Grid plc (LON:NG) insider Andrew Agg purchased 16 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average cost of GBX 941 ($11.58) per share, for a total transaction of £150.56 ($185.26).

National Grid Stock Performance

Shares of LON NG opened at GBX 932 ($11.47) on Friday. The business’s 50-day simple moving average is GBX 963.28 and its 200-day simple moving average is GBX 977.06. National Grid plc has a 52 week low of GBX 645 ($7.94) and a 52 week high of GBX 1,145.50 ($14.09). 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 firm has a market cap of £45.57 billion, a price-to-earnings ratio of 1,694.55, a P/E/G ratio of 2.06 and a beta of 0.25.

National Grid Cuts Dividend

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

Analysts Set New Price Targets

NG has been the topic of a number of research reports. Berenberg Bank dropped their price objective on National Grid from GBX 1,150 ($14.15) to GBX 1,070 ($13.17) and set a “hold” rating on the stock in a research note on Monday, October 14th. Citigroup reaffirmed a “top pick” rating on shares of National Grid in a research report on Monday, September 16th. One research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,181.25 ($14.53).

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.