Centrica (LON:CNA) Reaches New 1-Year High Following Insider Buying Activity

Centrica plc (LON:CNA) shares reached a new 52-week high on Wednesday following insider buying activity. The company traded as high as GBX 154.70 ($2.05) and last traded at GBX 153.50 ($2.04), with a volume of 31911582 shares. The stock had previously closed at GBX 152.65 ($2.03).

Specifically, insider Sue Whalley acquired 10,000 shares of Centrica stock in a transaction that occurred on Thursday, April 17th. The stock was purchased at an average price of GBX 149 ($1.98) per share, for a total transaction of £14,900 ($19,774.39).

Centrica Stock Up 0.6 %

The firm’s 50-day simple moving average is GBX 145.93 and its two-hundred day simple moving average is GBX 134.50. The company has a debt-to-equity ratio of 66.48, a current ratio of 1.77 and a quick ratio of 0.40. The company has a market capitalization of £7.67 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08.

Centrica (LON:CNA) last posted its earnings results on Thursday, February 20th. The integrated energy company reported GBX 19 ($0.25) earnings per share for the quarter. Centrica had a return on equity of 25.16% and a net margin of 5.39%.

Centrica Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 1st will be paid a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, May 1st. This represents a yield of 2.08%. This is a positive change from Centrica’s previous dividend of $1.50. Centrica’s dividend payout ratio is presently 19.06%.

Centrica Company Profile

Centrica is energising a greener, fairer future for our colleagues, customers and communities. Our integrated business operates across the energy value chain, with over ten million Retail customers, leading brands such as British Gas and Bord Gáis Energy, and the UK’s largest energy services workforce.