National Grid plc (NG) Insider Buys £149.58 in Stock

National Grid plc (LON:NG) insider Nicola Shaw acquired 18 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average cost of GBX 831 ($10.86) per share, with a total value of £149.58 ($195.45).

LON:NG traded up GBX 14.80 ($0.19) during trading hours on Friday, hitting GBX 792.80 ($10.36). The company had a trading volume of 13,260,652 shares, compared to its average volume of 10,850,000. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 148.33. The stock has a market cap of $27.05 billion and a P/E ratio of 17.82. National Grid plc has a 1 year low of GBX 744.50 ($9.73) and a 1 year high of GBX 892 ($11.66).

The business also recently declared a dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, May 30th will be issued a GBX 31.26 ($0.41) dividend. This represents a yield of 3.8%. This is a boost from National Grid’s previous dividend of $16.08. The ex-dividend date is Thursday, May 30th. National Grid’s dividend payout ratio (DPR) is presently 1.06%.

A number of equities research analysts recently commented on the company. UBS Group upped their target price on National Grid from GBX 800 ($10.45) to GBX 840 ($10.98) and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Deutsche Bank restated a “hold” rating on shares of National Grid in a research report on Tuesday, May 14th. Royal Bank of Canada upgraded National Grid to an “outperform” rating and upped their price objective for the stock from GBX 900 ($11.76) to GBX 950 ($12.41) in a research report on Wednesday, February 6th. Barclays restated an “overweight” rating and issued a GBX 950 ($12.41) price objective on shares of National Grid in a research report on Monday, May 13th. Finally, Goldman Sachs Group upped their price objective on National Grid from GBX 875 ($11.43) to GBX 899 ($11.75) and gave the stock a “neutral” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. National Grid presently has an average rating of “Buy” and an average price target of GBX 902.33 ($11.79).

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National Grid Company Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Insider Buying and Selling by Quarter for National Grid (LON:NG)

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