National Grid (LON:NG) Announces Quarterly Earnings Results

National Grid (LON:NG) posted its quarterly earnings results on Thursday. The company reported GBX 36.50 earnings per share for the quarter, Digital Look Earnings reports. National Grid had a return on equity of 8.47% and a net margin of 18.32%. The company had revenue of GBX 813.80 billion for the quarter.

National Grid Stock Performance

Shares of NG stock traded up GBX 24.50 during trading hours on Thursday, hitting GBX 1,265. The stock had a trading volume of 8,977,706 shares. The firm has a market capitalization of £62.11 billion, a PE ratio of 20.78, a PEG ratio of 2.06 and a beta of 0.59. National Grid has a twelve month low of GBX 645 and a twelve month high of GBX 1,145.50. The stock’s 50 day moving average is GBX 1,169.35 and its 200 day moving average is GBX 1,237.50. The company has a debt-to-equity ratio of 118.97, a current ratio of 0.76 and a quick ratio of 0.34.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,300 price target on shares of National Grid in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 1,316.33.

Insider Buying and Selling

In related news, insider Zoe Yujnovich sold 66,930 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of GBX 1,156, for a total value of £773,710.80. In the last ninety days, insiders have acquired 38 shares of company stock valued at $44,224. 0.18% of the stock is owned by corporate insiders.

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. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.