National Grid (LON:NG) Shares Down 0.7% - Time to Sell?

Key Points

• National Grid plc shares fell by 0.7%, closing at GBX 1,054.50 ($14.08) after trading as low as GBX 1,052 ($14.05) during the day.
• The company reported earnings per share of GBX 55.60 ($0.74) for the recent quarter, with analysts expecting an annual EPS of approximately 66.99.
• Insider sales include John Pettigrew and Andrew Agg, who sold shares at an average price of GBX 1,078 ($14.40), totaling over £2.7 million combined.

National Grid plc (LON:NG - Get Free Report)'s share price dropped 0.7% during trading on Tuesday . The stock traded as low as GBX 1,052 ($13.96) and last traded at GBX 1,054.50 ($14.00). Approximately 3,961,199 shares changed hands during trading, The stock had previously closed at GBX 1,062 ($14.10).

National Grid Price Performance

The firm has a 50 day simple moving average of GBX 1,053.39 and a 200-day simple moving average of GBX 1,016.91. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 157.61. The company has a market cap of £53.00 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25.

National Grid (LON:NG - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported GBX 55.60 ($0.74) earnings per share (EPS) for the quarter. National Grid had a return on equity of 7.72% and a net margin of 11.54%. As a group, research analysts predict that National Grid plc will post 66.9851952 earnings per share for the current fiscal year.

Insider Transactions at National Grid

In other news, insider Andrew Agg sold 93,376 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of GBX 1,078 ($14.31), for a total transaction of £1,006,593.28 ($1,336,067.53). Also, insider John Pettigrew sold 165,530 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of GBX 1,078 ($14.31), for a total value of £1,784,413.40 ($2,368,480.75). Insiders have bought 55,721 shares of company stock worth $59,007,576 in the last 90 days. Insiders own 0.18% of the company's stock.

About National Grid

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.