Centrica (LON:CNA) Shares Pass Above 200-Day Moving Average – What’s Next?

Centrica plc (LON:CNA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 137.94 ($1.83) and traded as high as GBX 147.15 ($1.95). Centrica shares last traded at GBX 146.21 ($1.94), with a volume of 71,206,750 shares.

Centrica Price Performance

The stock has a market capitalization of £7.37 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The company has a debt-to-equity ratio of 66.48, a quick ratio of 0.40 and a current ratio of 1.77. The firm has a 50-day moving average price of GBX 148.70 and a 200 day moving average price of GBX 137.94.

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

Centrica Increases Dividend

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

Insider Buying and Selling

In other news, insider Philippe Boisseau acquired 1,270 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of GBX 148 ($1.96) per share, for a total transaction of £1,879.60 ($2,493.50). Also, insider Amber Rudd acquired 1,483 shares of the stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of GBX 152 ($2.02) per share, with a total value of £2,254.16 ($2,990.40). Insiders have acquired a total of 14,188 shares of company stock worth $2,127,637 in the last 90 days. 0.20% of the stock is owned by company insiders.

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.