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

National Grid plc (LON:NG) insider Paula Rosput Reynolds purchased 46 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was 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 %

LON:NG opened at GBX 963.20 ($11.72) on Friday. 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 firm has a market capitalization of £47.10 billion, a price-to-earnings ratio of 1,751.27, a PEG ratio of 2.06 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. The business’s fifty day moving average price is GBX 956.51 and its 200 day moving average price is GBX 978.67.

National Grid Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their price objective on shares of National Grid from GBX 1,150 ($13.99) to GBX 1,070 ($13.02) and set a “hold” rating on the stock in a research note on Monday, October 14th. One equities 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,181.25 ($14.37).

About National Grid

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.