National Grid’s (NG) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of National Grid (LON:NG) 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.

National Grid Stock Performance

LON:NG opened at GBX 982.20 ($12.54) on Tuesday. The company has a market capitalization of £48.03 billion, a PE ratio of 1,797.82, a P/E/G ratio of 1.93 and a beta of 0.25. National Grid has a fifty-two week low of GBX 645 ($8.24) and a fifty-two week high of GBX 1,145.50 ($14.63). The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91. The company has a 50 day simple moving average of GBX 929.01 and a two-hundred day simple moving average of GBX 999.03.

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.