JPMorgan Chase & Co. restated their overweight rating on shares of National Grid (LON:NG – Free Report) in a research report released on Tuesday, Marketbeat.com reports. They currently have a GBX 1,200 ($15.32) price target on the stock.
A number of other research firms have also weighed in on NG. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,330 ($16.98) price objective on shares of National Grid in a research note on Friday, April 19th. Royal Bank of Canada reiterated an outperform rating and issued a GBX 1,125 ($14.36) target price on shares of National Grid in a report on Tuesday, June 25th.
Read Our Latest Stock Analysis on National Grid
National Grid Stock Performance
National Grid Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 6th were given a GBX 39.12 ($0.50) dividend. This represents a yield of 3.47%. The ex-dividend date was Thursday, June 6th. This is a boost from National Grid’s previous dividend of $19.40. National Grid’s dividend payout ratio (DPR) is presently 10,363.64%.
Insider Transactions at National Grid
In related news, insider Andrew Agg acquired 18,915 shares of the stock in a transaction on Monday, July 15th. The stock was purchased at an average price of GBX 945 ($12.07) per share, for a total transaction of £178,746.75 ($228,226.19). In other news, insider John Pettigrew sold 197,294 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of GBX 892 ($11.39), for a total value of £1,759,862.48 ($2,247,015.42). Also, insider Andrew Agg acquired 18,915 shares of the stock in a transaction on Monday, July 15th. The shares were purchased at an average cost of GBX 945 ($12.07) per share, with a total value of £178,746.75 ($228,226.19). Over the last quarter, insiders have purchased 19,235 shares of company stock worth $18,173,810. Company insiders own 0.16% 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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