National Grid plc (LON:NG) Plans GBX 15.84 Dividend

National Grid plc (LON:NG) announced a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 21st will be paid 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 of this dividend is Thursday, November 21st. The official announcement can be viewed at this link.

National Grid Stock Performance

NG stock opened at GBX 982 ($12.78) on Friday. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24. The firm has a market cap of £48.02 billion, a PE ratio of 1,787.64, a P/E/G ratio of 2.06 and a beta of 0.25. The business has a 50 day moving average of GBX 1,015.52 and a 200-day moving average of GBX 987.32. National Grid has a 12-month low of GBX 645 ($8.40) and a 12-month high of GBX 1,145.50 ($14.91).

Insiders Place Their Bets

In other National Grid news, insider John Pettigrew acquired 220,000 shares of National Grid stock in a transaction that occurred on Tuesday, October 1st. The stock was acquired at an average cost of GBX 1,039 ($13.53) per share, for a total transaction of £2,285,800 ($2,975,527.21). Insiders acquired 220,030 shares of company stock worth $228,610,264 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NG has been the topic of several research reports. Citigroup reaffirmed a “top pick” rating on shares of National Grid in a research report on Monday, September 16th. JPMorgan Chase & Co. restated 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. Finally, Berenberg Bank dropped their price objective on National Grid from GBX 1,150 ($14.97) to GBX 1,070 ($13.93) and set a “hold” rating on the stock in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 1,181.25 ($15.38).

About National Grid

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.