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

National Grid plc (LON:NG) insider Andrew Agg purchased 16 shares of National Grid stock in a transaction on Tuesday, January 7th. The shares were acquired at an average cost of GBX 941 ($11.58) per share, for a total transaction of £150.56 ($185.26).

National Grid Price Performance

NG opened at GBX 932 ($11.47) on Friday. National Grid plc has a twelve month low of GBX 645 ($7.94) and a twelve month high of GBX 1,145.50 ($14.09). The firm has a market cap of £45.57 billion, a price-to-earnings ratio of 1,694.55, a PEG ratio of 2.06 and a beta of 0.25. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. The company has a fifty day simple moving average of GBX 963.28 and a 200 day simple moving average of GBX 977.06.

National Grid Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, November 21st will be given a dividend of GBX 15.84 ($0.19) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, November 21st. National Grid’s payout ratio is 10,363.64%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NG shares. Berenberg Bank reduced their target price on shares of National Grid from GBX 1,150 ($14.15) to GBX 1,070 ($13.17) and set a “hold” rating on the stock in a report on Monday, October 14th. Citigroup reaffirmed a “top pick” rating on shares of National Grid in a research report on Monday, September 16th. One research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 1,181.25 ($14.53).

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.