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%.

A number of equities analysts have recently weighed in on NG shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of National Grid in a report on Tuesday, April 16th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 850 ($11.11) target price on shares of National Grid in a report on Sunday, April 14th. Royal Bank of Canada set a GBX 950 ($12.41) target price on National Grid and gave the company a “buy” rating in a report on Thursday, May 16th. Deutsche Bank reiterated a “hold” rating on shares of National Grid in a report on Tuesday, May 14th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 950 ($12.41) target price on shares of National Grid in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 907.67 ($11.86).

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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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