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

National Grid plc (LON:NG) insider John Pettigrew acquired 15 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of GBX 960 ($12.24) per share, with a total value of £144 ($183.56).

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 ($12.64) per share, with a total value of £148.80 ($189.67).
• On Monday, October 7th, John Pettigrew purchased 16 shares of National Grid stock. The shares were acquired at an average cost of GBX 992 ($12.64) per share, with a total value of £158.72 ($202.32).
• On Tuesday, October 1st, John Pettigrew purchased 220,000 shares of National Grid stock. The shares were acquired at an average cost of GBX 1,039 ($13.24) per share, with a total value of £2,285,800 ($2,913,703.00).

National Grid Stock Up 0.7 %

LON:NG traded up GBX 6.60 ($0.08) during trading hours on Tuesday, reaching GBX 964.80 ($12.30). The company had a trading volume of 6,604,747 shares. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 161.24. The firm has a market cap of £47.18 billion, a price-to-earnings ratio of 1,754.18, a P/E/G ratio of 2.06 and a beta of 0.25. The business’s 50-day simple moving average is GBX 994.25 and its two-hundred day simple moving average is GBX 969.23. National Grid plc has a twelve month low of GBX 645 ($8.22) and a twelve month high of GBX 1,145.50 ($14.60).

National Grid Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 14th. Shareholders 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 is Thursday, November 21st. National Grid’s dividend payout ratio (DPR) is 10,363.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NG shares. Berenberg Bank dropped their price target on shares of National Grid from GBX 1,150 ($14.66) to GBX 1,070 ($13.64) and set a “hold” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,200 ($15.30) price objective on shares of National Grid in a research report on Friday, August 30th. Finally, Citigroup reiterated a “top pick” rating on shares of National Grid in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 1,181.25 ($15.06).

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.