National Grid plc (NG) To Go Ex-Dividend on November 21st

National Grid plc (LON:NG) declared 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 ($0.20) 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 Price Performance

Shares of National Grid stock opened at GBX 975.60 ($12.37) on Tuesday. The firm has a market cap of £47.71 billion, a PE ratio of 1,773.82, a PEG ratio of 2.06 and a beta of 0.25. The stock has a 50 day moving average of GBX 1,011.61 and a 200 day moving average of GBX 982.76. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. National Grid has a 12 month low of GBX 645 ($8.18) and a 12 month high of GBX 1,145.50 ($14.52).

Analyst Upgrades and Downgrades

NG has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,200 ($15.21) target price on shares of National Grid in a report on Friday, August 30th. Citigroup reissued a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. Finally, Berenberg Bank reduced their target price on shares of National Grid from GBX 1,150 ($14.58) to GBX 1,070 ($13.56) and set a “hold” rating on the stock in a report on Monday, October 14th. One 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. Based on data from MarketBeat, National Grid currently has a consensus rating of “Buy” and an average price target of GBX 1,181.25 ($14.97).

Insider Activity at National Grid

In other news, insider John Pettigrew acquired 220,000 shares of National Grid stock in a transaction that occurred on Tuesday, October 1st. The shares were bought at an average cost of GBX 1,039 ($13.17) per share, with a total value of £2,285,800 ($2,897,452.15). In the last 90 days, insiders have purchased 220,045 shares of company stock worth $228,625,144. 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.