National Grid plc (LON:NG) Insider Buys £158.27 in Stock

National Grid plc (LON:NG) insider John Pettigrew acquired 17 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was acquired at an average cost of GBX 931 ($11.93) per share, with a total value of £158.27 ($202.73).

John Pettigrew also recently made the following trade(s):

• On Tuesday, July 2nd, John Pettigrew sold 197,294 shares of National Grid stock. The stock was sold at an average price of GBX 892 ($11.43), for a total value of £1,759,862.48 ($2,254,210.94).
• On Friday, June 7th, John Pettigrew bought 17 shares of National Grid stock. The stock was purchased at an average price of GBX 868 ($11.12) per share, with a total value of £147.56 ($189.01).
• On Tuesday, May 7th, John Pettigrew bought 14 shares of National Grid stock. The stock was purchased at an average price of GBX 1,089 ($13.95) per share, with a total value of £152.46 ($195.29).

National Grid Price Performance

Shares of LON:NG opened at GBX 958.40 ($12.28) on Friday. National Grid plc has a one year low of GBX 889.40 ($11.39) and a one year high of GBX 1,145.50 ($14.67). The stock has a fifty day moving average of GBX 958.83 and a 200-day moving average of GBX 1,014.76. The company has a market capitalization of £46.10 billion, a PE ratio of 1,569.33, a price-to-earnings-growth ratio of 2.78 and a beta of 0.29. The company has a debt-to-equity ratio of 161.24, a quick ratio of 0.34 and a current ratio of 0.91.

National Grid Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 6th will be given a dividend of GBX 39.12 ($0.50) per share. This represents a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from National Grid’s previous dividend of $19.40. National Grid’s dividend payout ratio is 9,833.33%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a GBX 1,125 ($14.41) target price on shares of National Grid in a research report on Tuesday, June 25th. JPMorgan Chase & Co. reiterated a “top pick” rating on shares of National Grid in a research report on Friday, July 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,330 ($17.04) price objective on shares of National Grid in a research report on Friday, April 19th.

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.