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

National Grid plc (LON:NG) insider Paula Rosput Reynolds purchased 46 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of GBX 984 ($11.97) per share, for a total transaction of £452.64 ($550.52).

National Grid Stock Performance

Shares of LON NG opened at GBX 963.20 ($11.71) on Monday. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34. The firm has a market cap of £47.10 billion, a price-to-earnings ratio of 1,751.27, a P/E/G ratio of 2.06 and a beta of 0.25. The stock’s fifty day moving average price is GBX 956.51 and its two-hundred day moving average price is GBX 979.93. National Grid plc has a one year low of GBX 645 ($7.84) and a one year high of GBX 1,145.50 ($13.93).

National Grid Cuts Dividend

The company 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. The ex-dividend date was Thursday, November 21st. This represents a yield of 1.61%. National Grid’s dividend payout ratio is currently 10,363.64%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on National Grid from GBX 1,150 ($13.99) to GBX 1,070 ($13.01) 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 issued a strong buy rating to the company. Based on data from MarketBeat, National Grid currently has an average rating of “Buy” and an average 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.