Jersey Electricity plc (LON:JEL) Insider Buys £17,000 in Stock

Jersey Electricity plc (LON:JEL) insider Christopher Ambler bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of GBX 425 ($5.48) per share, for a total transaction of £17,000 ($21,912.86).

Jersey Electricity Stock Down 0.9 %

JEL stock traded down GBX 4 ($0.05) during trading on Thursday, reaching GBX 421 ($5.43). 1,140 shares of the stock were exchanged, compared to its average volume of 3,899. The firm has a market cap of £131.13 million, a P/E ratio of 11.65 and a beta of 0.18. Jersey Electricity plc has a twelve month low of GBX 400 ($5.16) and a twelve month high of GBX 490 ($6.32). The firm’s 50 day moving average is GBX 431.30 and its 200 day moving average is GBX 432.36. The company has a current ratio of 2.81, a quick ratio of 2.90 and a debt-to-equity ratio of 13.96.

Jersey Electricity (LON:JEL) last released its quarterly earnings results on Wednesday, December 18th. The company reported GBX 37.92 ($0.49) EPS for the quarter. Jersey Electricity had a return on equity of 4.58% and a net margin of 8.57%. As a group, research analysts forecast that Jersey Electricity plc will post 29.6610169 EPS for the current year.

Jersey Electricity Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 20th will be paid a dividend of GBX 12 ($0.15) per share. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 2.73%. This is a positive change from Jersey Electricity’s previous dividend of $8.40. Jersey Electricity’s dividend payout ratio (DPR) is presently 55.35%.

Jersey Electricity Company Profile

Jersey Electricity plc, together with its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in Jersey. The company provides energy solutions for domestic and commercial customers looking to switch from fossil-fuel-based energy to clean and low-carbon electricity; and electric heating and hot water, electric transport, outdoor and indoor lighting, electric commercial kitchens, air conditioning, renewable energy, and CosyCare maintenance solutions.