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

National Grid plc (LON:NG) insider Paula Rosput Reynolds bought 46 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of GBX 984 ($12.04) per share, for a total transaction of £452.64 ($553.82).

National Grid Stock Up 1.4 %

NG traded up GBX 13.40 ($0.16) on Friday, hitting GBX 949 ($11.61). 7,671,860 shares of the company were exchanged. 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 company has a market cap of £46.41 billion, a price-to-earnings ratio of 1,725.45, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The firm has a 50-day moving average price of GBX 957.17 and a two-hundred day moving average price of GBX 978.21. National Grid plc has a twelve month low of GBX 645 ($7.89) and a twelve month high of GBX 1,145.50 ($14.02).

National Grid Cuts Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price objective on National Grid from GBX 1,150 ($14.07) to GBX 1,070 ($13.09) 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 given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, National Grid has a consensus rating of “Buy” and a consensus target price of GBX 1,181.25 ($14.45).

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.