National Grid plc (LON:NG) Declares Dividend of GBX 15.84

National Grid plc (LON:NG) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 15.84 ($0.20) per share on Tuesday, January 14th. This represents a yield of 1.61%. The ex-dividend date is Thursday, November 21st. The official announcement can be viewed at this link.

National Grid Stock Performance

National Grid stock opened at GBX 975.60 ($12.37) on Tuesday. National Grid has a fifty-two week low of GBX 645 ($8.18) and a fifty-two week high of GBX 1,145.50 ($14.52). The company has a market capitalization of £47.71 billion, a PE ratio of 1,773.82, a P/E/G ratio of 2.06 and a beta of 0.25. The company has a 50 day moving average price of GBX 1,011.61 and a 200-day moving average price of GBX 982.76. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NG shares. Berenberg Bank lowered their target price on National Grid from GBX 1,150 ($14.58) to GBX 1,070 ($13.56) and set a “hold” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,200 ($15.21) price objective on shares of National Grid in a research note on Friday, August 30th. Finally, Citigroup reissued a “top pick” rating on shares of National Grid in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 1,181.25 ($14.97).

Insider Buying and Selling at National Grid

In other news, insider John Pettigrew acquired 220,000 shares of National Grid stock in a transaction that occurred on Tuesday, October 1st. The stock was purchased at an average price of GBX 1,039 ($13.17) per share, for a total transaction of £2,285,800 ($2,897,452.15). In the last 90 days, insiders have purchased 220,045 shares of company stock valued at $228,625,144. 0.18% of the stock is currently owned by corporate insiders.

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.