Insider Buying: National Grid plc (NG) Insider Buys 60,000 Shares of Stock
National Grid plc (LON:NG) insider Peter Gershon bought 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of GBX 807 ($10.54) per share, for a total transaction of £484,200 ($632,693.06).
LON:NG opened at GBX 816.60 ($10.67) on Friday. The company has a debt-to-equity ratio of 148.26, a quick ratio of 0.51 and a current ratio of 0.85. The company has a market capitalization of $27.86 billion and a price-to-earnings ratio of 8.38. National Grid plc has a 12-month low of GBX 744.50 ($9.73) and a 12-month high of GBX 895.10 ($11.70).
The firm also recently disclosed a dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, May 30th will be paid a GBX 31.26 ($0.41) dividend. This is a positive change from National Grid’s previous dividend of $16.08. The ex-dividend date is Thursday, May 30th. This represents a yield of 3.8%. National Grid’s dividend payout ratio is currently 0.48%.
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About National Grid
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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