Paula Rosput Reynolds Acquires 46 Shares of National Grid plc (LON:NG) Stock

National Grid plc (LON:NG) insider Paula Rosput Reynolds purchased 46 shares of National Grid stock in a transaction dated Wednesday, January 15th. The shares were purchased at an average cost of GBX 984 ($11.97) per share, with a total value of £452.64 ($550.72).

National Grid Price Performance

Shares of LON NG opened at GBX 963.20 ($11.72) on Friday. National Grid plc has a fifty-two week low of GBX 645 ($7.85) and a fifty-two week high of GBX 1,145.50 ($13.94). The firm’s 50-day simple moving average is GBX 956.51 and its 200 day simple moving average is GBX 979.32. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24. The stock has a market cap of £47.10 billion, a P/E ratio of 1,751.27, a P/E/G ratio of 2.06 and a beta of 0.25.

National Grid Cuts Dividend

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

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on shares of National Grid from GBX 1,150 ($13.99) to GBX 1,070 ($13.02) and set a “hold” rating for the company in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 1,181.25 ($14.37).

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.