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National Grid (LON:NG) Shares Up 0.1% - Still a Buy?

National Grid logo with Utilities background

Key Points

  • National Grid plc shares increased by 0.1% on Wednesday, closing at GBX 1,041 ($14.01) after trading as high as GBX 1,045 ($14.06). Approximately 3.7 million shares changed hands during the trading session.
  • The company has a market cap of £51.11 billion with a debt-to-equity ratio of 157.61, indicating a highly leveraged position.
  • Insiders have recently sold significant amounts of stock, with Andrew Agg and John Pettigrew selling over £2.7 million worth of shares combined in early July.
  • Interested in National Grid? Here are five stocks we like better.

National Grid plc (LON:NG - Get Free Report)'s stock price rose 0.1% during trading on Wednesday . The company traded as high as GBX 1,045 ($14.09) and last traded at GBX 1,041 ($14.04). Approximately 3,708,863 shares were traded during trading, The stock had previously closed at GBX 1,040 ($14.02).

National Grid Trading Down 1.0%

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 business's fifty day moving average is GBX 1,054.52 and its 200 day moving average is GBX 1,028.89. The firm has a market capitalization of £51.50 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25.

Insiders Place Their Bets

In related news, 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, for a total value of £1,784,413.40. Also, insider Andrew Agg sold 93,376 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, for a total transaction of £1,006,593.28. Over the last 90 days, insiders have purchased 55,707 shares of company stock worth $58,992,582. 0.18% of the stock is currently owned by company insiders.

National Grid Company Profile

(Get Free Report)

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.

See Also

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