Jersey Electricity plc (LON:JEL - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 427.32 ($5.73) and traded as high as GBX 470 ($6.30). Jersey Electricity shares last traded at GBX 450 ($6.03), with a volume of 10,431 shares trading hands.
Jersey Electricity Price Performance
The stock has a market capitalization of £137.05 million, a PE ratio of 12.18 and a beta of 0.18. The company has a debt-to-equity ratio of 13.96, a current ratio of 2.81 and a quick ratio of 2.90. The stock's fifty day moving average is GBX 429.33 and its 200-day moving average is GBX 431.31.
Jersey Electricity Increases Dividend
The company also recently announced a dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 20th were paid a dividend of GBX 12 ($0.16) per share. This is a positive change from Jersey Electricity's previous dividend of $8.40. This represents a dividend yield of 2.73%. The ex-dividend date was Thursday, February 20th. Jersey Electricity's dividend payout ratio is presently 55.35%.
Insider Activity
In related news, insider Christopher Ambler purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of GBX 425 ($5.70) per share, with a total value of £17,000 ($22,797.37). Insiders own 0.44% of the company's stock.
About Jersey Electricity
(
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Jersey Electricity plc, together with its subsidiaries, engages in the generation, transmission, distribution, and supply of electricity in Jersey. The company provides energy solutions for domestic and commercial customers looking to switch from fossil-fuel-based energy to clean and low-carbon electricity; and electric heating and hot water, electric transport, outdoor and indoor lighting, electric commercial kitchens, air conditioning, renewable energy, and CosyCare maintenance solutions.
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