Jersey Electricity plc (LON:JEL) Insider Acquires £17,000 in Stock

Jersey Electricity plc (LON:JEL) insider Christopher Ambler purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of GBX 425 ($5.49) per share, with a total value of £17,000 ($21,966.66).

Jersey Electricity Trading Down 1.8 %

Shares of LON JEL opened at GBX 422.40 ($5.46) on Friday. Jersey Electricity plc has a 12 month low of GBX 400 ($5.17) and a 12 month high of GBX 490 ($6.33). The company has a market cap of £131.57 million, a price-to-earnings ratio of 11.69 and a beta of 0.18. The company has a quick ratio of 2.90, a current ratio of 2.81 and a debt-to-equity ratio of 13.96. The business has a fifty day simple moving average of GBX 430.73 and a 200-day simple moving average of GBX 432.11.

Jersey Electricity (LON:JEL) last issued its earnings results on Wednesday, December 18th. The company reported GBX 37.92 ($0.49) earnings per share for the quarter. Jersey Electricity had a return on equity of 4.58% and a net margin of 8.57%. Sell-side analysts predict that Jersey Electricity plc will post 29.6610169 EPS for the current year.

Jersey Electricity Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, February 20th will be issued a GBX 12 ($0.16) dividend. The ex-dividend date is Thursday, February 20th. This represents a yield of 2.73%. This is a positive change from Jersey Electricity’s previous dividend of $8.40. Jersey Electricity’s dividend payout ratio (DPR) is 55.35%.

Jersey Electricity Company Profile

Jersey Electricity plc, together with its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in Jersey. The company provides energy solutions for domestic and commercial customers looking to switch from fossil-fuel-based energy to clean and low-carbon electricity; and electric heating and hot water, electric transport, outdoor and indoor lighting, electric commercial kitchens, air conditioning, renewable energy, and CosyCare maintenance solutions.