National Grid (LON:NG) Issues Quarterly Earnings Results

National Grid (LON:NG) posted its quarterly earnings results on Thursday. The company reported GBX 36.50 earnings per share 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 Trading Up 1.6%

Shares of National Grid stock opened at GBX 1,285.50 on Friday. The firm has a market cap of £63.11 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.06 and a beta of 0.59. The business has a 50-day moving average price of GBX 1,170.94 and a 200-day moving average price of GBX 1,237.92. The company has a quick ratio of 0.34, a current ratio of 0.76 and a debt-to-equity ratio of 118.97. National Grid has a twelve month low of GBX 645 and a twelve month high of GBX 1,145.50.

Insider Activity

In related news, insider Zoe Yujnovich sold 66,930 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of GBX 1,156, for a total value of £773,710.80. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,300 target price on shares of National Grid in a report on Tuesday, October 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 1,316.33.

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.