National Grid plc (LON:NG) Insider Purchases £452.64 in Stock

National Grid plc (LON:NG - Get Free Report) insider Paula Rosput Reynolds acquired 46 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average price of GBX 984 ($11.97) per share, for a total transaction of £452.64 ($550.72).

National Grid Stock Up 1.5 %

National Grid stock traded up GBX 14.20 ($0.17) during midday trading on Friday, reaching GBX 963.20 ($11.72). The stock had a trading volume of 11,229,135 shares. The firm's fifty day simple moving average is GBX 956.51 and its 200-day simple moving average is GBX 978.67. National Grid plc has a 1-year low of GBX 645 ($7.85) and a 1-year high of GBX 1,145.50 ($13.94). The stock has a market capitalization of £47.10 billion, a P/E ratio of 1,751.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91.

National Grid Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 14th. Investors 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 was Thursday, November 21st. National Grid's dividend payout ratio is presently 10,363.64%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank cut their price objective on National Grid from GBX 1,150 ($13.99) to GBX 1,070 ($13.02) 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.