National Grid (LON:NG – Get Free Report) posted its quarterly earnings data on Thursday. The company reported GBX 36.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. National Grid had a return on equity of 8.47% and a net margin of 18.32%. The business had revenue of GBX 813.80 billion during the quarter.
National Grid Stock Up 2.0%
Shares of LON NG traded up GBX 24.50 during mid-day trading on Thursday, hitting GBX 1,265. The company had a trading volume of 8,977,706 shares. The company has a current ratio of 0.76, a quick ratio of 0.34 and a debt-to-equity ratio of 118.97. The firm has a 50-day simple moving average of GBX 1,169.35 and a two-hundred day simple moving average of GBX 1,237.50. The company has a market capitalization of £62.11 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. National Grid has a one year low of GBX 645 and a one year high of GBX 1,145.50.
Analyst Ratings Changes
Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,300 target price on shares of National Grid in a research note on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 1,316.33.
Check Out Our Latest Stock Analysis on NG
Insider Transactions at National Grid
In related news, insider Zoe Yujnovich sold 66,930 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total transaction of £773,710.80. Insiders bought a total of 38 shares of company stock worth $44,224 in the last 90 days. 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. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales.
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