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Insider Buying: Jersey Electricity plc (LON:JEL) Insider Buys 4,000 Shares of Stock

Jersey Electricity logo with Utilities background
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Jersey Electricity plc (LON:JEL - Get Free Report) insider Christopher Ambler bought 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of GBX 425 ($5.47) per share, with a total value of £17,000 ($21,887.47).

Jersey Electricity Price Performance

LON:JEL traded up GBX 0.60 ($0.01) during mid-day trading on Monday, reaching GBX 423 ($5.45). The stock had a trading volume of 12,014 shares, compared to its average volume of 3,996. The firm has a 50 day moving average price of GBX 430.53 and a two-hundred day moving average price of GBX 431.86. The stock has a market capitalization of £131.75 million, a P/E ratio of 11.71 and a beta of 0.18. Jersey Electricity plc has a one year low of GBX 400 ($5.15) and a one year high of GBX 490 ($6.31). The company has a debt-to-equity ratio of 13.96, a quick ratio of 2.90 and a current ratio of 2.81.

Jersey Electricity (LON:JEL - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The company reported GBX 37.92 ($0.49) earnings per share for the quarter. Jersey Electricity had a return on equity of 4.58% and a net margin of 8.57%. As a group, analysts expect that Jersey Electricity plc will post 29.6610169 earnings per share for the current year.

Jersey Electricity Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 20th will be given a GBX 12 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 2.73%. This is an increase from Jersey Electricity's previous dividend of $8.40. Jersey Electricity's payout ratio is presently 55.35%.

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About Jersey Electricity

(Get Free Report)

Jersey Electricity plc, together with its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in Jersey. The company provides energy solutions for domestic and commercial customers looking to switch from fossil-fuel-based energy to clean and low-carbon electricity; and electric heating and hot water, electric transport, outdoor and indoor lighting, electric commercial kitchens, air conditioning, renewable energy, and CosyCare maintenance solutions.

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