National Grid plc (LON:NG) Insider Acquires £144 in Stock

National Grid plc (LON:NG) insider John Pettigrew purchased 15 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of GBX 960 ($12.17) per share, with a total value of £144 ($182.53).

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

• On Thursday, November 7th, John Pettigrew acquired 15 shares of National Grid stock. The stock was bought at an average cost of GBX 992 ($12.57) per share, with a total value of £148.80 ($188.62).
• On Monday, October 7th, John Pettigrew acquired 16 shares of National Grid stock. The stock was bought at an average cost of GBX 992 ($12.57) per share, with a total value of £158.72 ($201.19).
• On Tuesday, October 1st, John Pettigrew purchased 220,000 shares of National Grid stock. The stock was acquired at an average price of GBX 1,039 ($13.17) per share, for a total transaction of £2,285,800 ($2,897,452.15).

National Grid Trading Down 1.3 %

Shares of NG stock opened at GBX 939.60 ($11.91) on Friday. The stock’s fifty day simple moving average is GBX 989.24 and its 200 day simple moving average is GBX 968.63. National Grid plc has a twelve month low of GBX 645 ($8.18) and a twelve month high of GBX 1,145.50 ($14.52). The firm has a market capitalization of £45.95 billion, a P/E ratio of 1,708.36, a P/E/G ratio of 2.06 and a beta of 0.25. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24.

National Grid Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, November 21st will be paid a GBX 15.84 ($0.20) dividend. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 21st. National Grid’s dividend payout ratio is 10,363.64%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NG shares. Citigroup reiterated a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,200 ($15.21) price objective on shares of National Grid in a research report on Friday, August 30th. Finally, Berenberg Bank reduced their price objective on National Grid from GBX 1,150 ($14.58) to GBX 1,070 ($13.56) and set a “hold” rating on the stock in a research report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,181.25 ($14.97).

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.