National Grid plc (LON:NG - Get Free Report) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 21st will be paid a dividend of GBX 15.84 ($0.21) per share on Tuesday, January 14th. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 21st. The official announcement can be accessed at this link.
National Grid Trading Down 0.8 %
Shares of LON NG traded down GBX 8.20 ($0.11) during midday trading on Thursday, reaching GBX 983.20 ($12.80). The stock had a trading volume of 8,323,796 shares. The firm has a market cap of £48.08 billion, a price-to-earnings ratio of 1,787.64, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. National Grid has a twelve month low of GBX 645 ($8.40) and a twelve month high of GBX 1,145.50 ($14.91). 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 company's 50 day moving average price is GBX 1,015.95 and its 200 day moving average price is GBX 987.35.
Insiders Place Their Bets
In other National Grid news, insider John Pettigrew bought 220,000 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was purchased at an average price of GBX 1,039 ($13.53) per share, for a total transaction of £2,285,800 ($2,975,527.21). Insiders acquired 220,030 shares of company stock worth $228,610,264 over the last quarter. 0.18% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on NG shares. Citigroup reiterated a "top pick" rating on shares of National Grid in a research note on Monday, September 16th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 1,200 ($15.62) price objective on shares of National Grid in a report on Friday, August 30th. Finally, Berenberg Bank lowered their price objective on shares of National Grid from GBX 1,150 ($14.97) to GBX 1,070 ($13.93) and set a "hold" rating on the stock 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 issued a strong buy rating to the company. According to MarketBeat, National Grid has an average rating of "Buy" and a consensus target price of GBX 1,181.25 ($15.38).
Check Out Our Latest Report on National Grid
About National Grid
(
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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.
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