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

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

National Grid Stock Up 1.5 %

Shares of LON NG opened at GBX 963.20 ($11.71) on Monday. National Grid plc has a 52-week low of GBX 645 ($7.84) and a 52-week high of GBX 1,145.50 ($13.93). 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 stock has a 50 day moving average price of GBX 956.51 and a 200 day moving average price of GBX 979.93. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91.

National Grid Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 14th. Shareholders 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 dividend payout ratio is presently 10,363.64%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their target price on National Grid from GBX 1,150 ($13.99) to GBX 1,070 ($13.01) and set a “hold” rating for the company in a report on Monday, October 14th. One investment 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 company. According to data from MarketBeat.com, the company 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.