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 was down 0.7% during trading on Tuesday . The stock traded as low as GBX 1,052 ($13.95) and last traded at GBX 1,054.50 ($13.98). Approximately 3,961,199 shares changed hands during trading, The stock had previously closed at GBX 1,062 ($14.08).

National Grid Stock Performance

The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34. The company has a 50 day simple moving average of GBX 1,054.58 and a 200-day simple moving average of GBX 1,015.78. The stock has a market cap of £51.26 billion, a P/E ratio of 17.15, 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 quarterly earnings results on Thursday, May 15th. The company reported GBX 55.60 ($0.74) earnings per share for the quarter. National Grid had a return on equity of 7.72% and a net margin of 11.54%. On average, equities analysts expect that National Grid plc will post 66.9851952 earnings per share for the current fiscal year.

Insider Activity at National Grid

In related news, insider Andrew Agg sold 93,376 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of GBX 1,078 ($14.29), for a total transaction of £1,006,593.28 ($1,334,650.33). Also, insider John Pettigrew sold 165,530 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of GBX 1,078 ($14.29), for a total transaction of £1,784,413.40 ($2,365,968.44). In the last ninety days, insiders have bought 55,721 shares of company stock worth $59,007,576. Corporate 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.