Andrew Agg Buys 16 Shares of National Grid plc (LON:NG) Stock

National Grid plc (LON:NG) insider Andrew Agg bought 16 shares of National Grid stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of GBX 941 ($11.74) per share, for a total transaction of £150.56 ($187.82).

National Grid Stock Down 0.3 %

Shares of LON NG traded down GBX 2.40 ($0.03) on Wednesday, hitting GBX 939.80 ($11.72). The company had a trading volume of 4,820,309 shares. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24. National Grid plc has a 12-month low of GBX 645 ($8.05) and a 12-month high of GBX 1,145.50 ($14.29). The firm has a market capitalization of £45.96 billion, a P/E ratio of 1,708.73, a PEG ratio of 2.06 and a beta of 0.25. The business has a 50 day moving average of GBX 965.44 and a two-hundred day moving average of GBX 977.64.

National Grid Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be issued a GBX 15.84 ($0.20) dividend. This represents a yield of 1.61%. The ex-dividend date is Thursday, November 21st. National Grid’s dividend payout ratio is presently 10,363.64%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NG shares. Berenberg Bank reduced their price objective on shares of National Grid from GBX 1,150 ($14.35) to GBX 1,070 ($13.35) and set a “hold” rating on the stock in a research note on Monday, October 14th. Citigroup reissued a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. One 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,181.25 ($14.74).

National Grid Company Profile

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.