Insider Buying: National Grid plc (NG) Insider Purchases 60,000 Shares of Stock
National Grid plc (LON:NG) insider Peter Gershon bought 60,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average price of GBX 807 ($10.54) per share, for a total transaction of £484,200 ($632,693.06).
LON:NG opened at GBX 813.60 ($10.63) on Thursday. National Grid plc has a 52 week low of GBX 744.50 ($9.73) and a 52 week high of GBX 895.10 ($11.70). The company has a market capitalization of $27.76 billion and a P/E ratio of 8.34. The company has a debt-to-equity ratio of 148.26, a quick ratio of 0.51 and a current ratio of 0.85.
The company also recently disclosed a dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, May 30th will be issued a GBX 31.26 ($0.41) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 3.8%. This is an increase from National Grid’s previous dividend of $16.08. National Grid’s dividend payout ratio is currently 0.48%.
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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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