National Grid plc (LON:NG) to Issue GBX 15.84 Dividend

National Grid plc (LON:NG) announced a dividend on Thursday, November 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 15.84 ($0.21) per share on Tuesday, January 14th. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, November 21st. The official announcement can be viewed at this link.

National Grid Stock Performance

NG opened at GBX 983.20 ($12.80) on Thursday. The company’s 50 day moving average is GBX 1,015.95 and its 200 day moving average is GBX 987.35. 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 market cap of £48.08 billion, a price-to-earnings ratio of 1,787.64, a PEG ratio of 2.06 and a beta of 0.25. National Grid has a 12-month low of GBX 645 ($8.40) and a 12-month high of GBX 1,145.50 ($14.91).

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NG. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,200 ($15.62) price target on shares of National Grid in a research note on Friday, August 30th. Berenberg Bank cut their price target on National Grid from GBX 1,150 ($14.97) to GBX 1,070 ($13.93) and set a “hold” rating for the company in a report on Monday, October 14th. Finally, Citigroup reaffirmed a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,181.25 ($15.38).

Insider Buying and Selling

In other National Grid news, insider John Pettigrew bought 220,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was purchased at an average price of GBX 1,039 ($13.53) per share, for a total transaction of £2,285,800 ($2,975,527.21). In the last quarter, insiders bought 220,030 shares of company stock valued at $228,610,264. Company insiders own 0.18% of the company’s stock.

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.