National Grid plc (LON:NG) Insider Andrew Agg Acquires 16 Shares

National Grid plc (LON:NG) insider Andrew Agg purchased 16 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of GBX 941 ($11.63) per share, for a total transaction of £150.56 ($186.11).

National Grid Trading Down 0.3 %

Shares of NG stock opened at GBX 939.80 ($11.62) on Thursday. 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 firm has a market cap of £45.96 billion, a P/E ratio of 1,708.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The business has a 50-day moving average price of GBX 964.40 and a two-hundred day moving average price of GBX 977.37. National Grid plc has a 12-month low of GBX 645 ($7.97) and a 12-month high of GBX 1,145.50 ($14.16).

National Grid Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 15.84 ($0.20) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, November 21st. National Grid’s dividend payout ratio (DPR) is presently 10,363.64%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NG. Citigroup restated a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. Berenberg Bank decreased their price objective on shares of National Grid from GBX 1,150 ($14.22) to GBX 1,070 ($13.23) and set a “hold” rating on the stock in a research report 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 1,181.25 ($14.60).

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.