National Grid (LON:NG) Shares Up 0.1% - Here's Why

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.

National Grid plc (LON:NG - )'s stock price was up 0.1% on Wednesday . The stock traded as high as GBX 1,045 ($14.06) and last traded at GBX 1,041 ($14.01). Approximately 3,708,863 shares traded hands during mid-day trading, The stock had previously closed at GBX 1,040 ($13.99).

National Grid Stock Up 0.1%

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 market cap of £51.11 billion, a PE ratio of 17.10, a P/E/G ratio of 2.06 and a beta of 0.25. The business's 50 day moving average is GBX 1,054.61 and its 200-day moving average is GBX 1,026.88.

Insiders Place Their Bets

In related news, insider Andrew Agg sold 93,376 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of GBX 1,078, for a total value of £1,006,593.28. 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, for a total value of £1,784,413.40. In the last quarter, insiders have purchased 55,707 shares of company stock valued at $58,992,582. Insiders own 0.18% of the company's stock.

National Grid Company Profile

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.

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