Gresham House Energy Storage Fund plc (LON:GRID) Insider Cathy Pitt Acquires 6,773 Shares

Posted by Defense World Staff on Jun 22nd, 2023

Gresham House Energy Storage Fund plc (LON:GRID – Get Rating) insider Cathy Pitt bought 6,773 shares of the stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average price of GBX 147 ($1.88) per share, with a total value of £9,956.31 ($12,740.00).

Gresham House Energy Storage Fund Stock Down 0.9 %

GRID opened at GBX 146.40 ($1.87) on Thursday. The firm has a market cap of £792.45 million, a price-to-earnings ratio of 340.47 and a beta of 0.14. Gresham House Energy Storage Fund plc has a 52 week low of GBX 140.51 ($1.80) and a 52 week high of GBX 183.50 ($2.35). The business’s 50 day moving average is GBX 158 and its two-hundred day moving average is GBX 160.93.

Gresham House Energy Storage Fund Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th were issued a GBX 1.84 ($0.02) dividend. The ex-dividend date was Thursday, May 18th. This represents a dividend yield of 1.13%. This is a positive change from Gresham House Energy Storage Fund’s previous dividend of $1.75. Gresham House Energy Storage Fund’s payout ratio is presently 1,627.91%.

Analyst Ratings Changes

Separately, Barclays reiterated an “overweight” rating and issued a GBX 184 ($2.35) price objective on shares of Gresham House Energy Storage Fund in a research note on Friday, May 19th.