National Grid (LON:NG) Stock Price Down 1.1%

Posted by on Jun 15th, 2023

National Grid plc (LON:NG – Get Rating) shares traded down 1.1% during trading on Wednesday . The stock traded as low as GBX 1,034.22 ($12.94) and last traded at GBX 1,036 ($12.96). 7,370,532 shares changed hands during trading, The stock had previously closed at GBX 1,047.50 ($13.11).

Analyst Ratings Changes

A number of brokerages recently issued reports on NG. Berenberg Bank reissued a “hold” rating and issued a GBX 1,100 ($13.76) price objective on shares of National Grid in a research note on Tuesday, May 23rd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of National Grid in a research note on Monday, April 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of National Grid from GBX 1,100 ($13.76) to GBX 1,080 ($13.51) and set a “hold” rating on the stock in a research note on Monday, May 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 1,116.67 ($13.97).

National Grid Trading Down 0.4 %

The company has a debt-to-equity ratio of 145.41, a current ratio of 1.00 and a quick ratio of 0.34. The stock has a market capitalization of £37.96 billion, a PE ratio of 1,400.00, a PEG ratio of 1.75 and a beta of 0.29. The stock’s 50 day simple moving average is GBX 1,118.29 and its two-hundred day simple moving average is GBX 1,064.13.

National Grid Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, August 9th. Investors of record on Thursday, June 1st will be paid a dividend of GBX 37.60 ($0.47) per share. This is a boost from National Grid’s previous dividend of $17.84. This represents a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, June 1st. National Grid’s dividend payout ratio is presently 7,432.43%.

About National Grid

(Get Rating)

National Grid plc transmits and distributes electricity and gas. The company 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.

Recommended Stories

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.