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

National Grid plc (LON:NG) declared a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Investors 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 of this dividend is Thursday, November 21st. The official announcement can be viewed at this link.

National Grid Trading Up 1.3 %

LON NG opened at GBX 987.80 ($12.54) on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24. The stock’s 50-day simple moving average is GBX 1,010.42 and its two-hundred day simple moving average is GBX 982.17. National Grid has a twelve month low of GBX 645 ($8.19) and a twelve month high of GBX 1,145.50 ($14.54). The company has a market capitalization of £48.30 billion, a price-to-earnings ratio of 1,773.82, a PEG ratio of 2.06 and a beta of 0.25.

Insider Activity

In other National Grid news, insider John Pettigrew acquired 220,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were acquired at an average cost of GBX 1,039 ($13.19) per share, with a total value of £2,285,800 ($2,900,761.42). Insiders purchased 220,045 shares of company stock worth $228,625,144 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NG has been the subject of a number of research reports. Berenberg Bank cut their price objective on shares of National Grid from GBX 1,150 ($14.59) to GBX 1,070 ($13.58) and set a “hold” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,200 ($15.23) price target on shares of National Grid in a research report on Friday, August 30th. Finally, Citigroup restated 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,181.25 ($14.99).

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.