Insider Buying: National Grid plc (LON:NG) Insider Acquires 15 Shares of Stock

National Grid plc (LON:NG) insider John Pettigrew acquired 15 shares of National Grid stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of GBX 960 ($12.25) per share, for a total transaction of £144 ($183.70).

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

• On Thursday, November 7th, John Pettigrew bought 15 shares of National Grid stock. The stock was purchased at an average cost of GBX 992 ($12.65) per share, with a total value of £148.80 ($189.82).
• On Monday, October 7th, John Pettigrew purchased 16 shares of National Grid stock. The shares were acquired at an average cost of GBX 992 ($12.65) per share, for a total transaction of £158.72 ($202.47).
• On Tuesday, October 1st, John Pettigrew acquired 220,000 shares of National Grid stock. The stock was acquired at an average cost of GBX 1,039 ($13.25) per share, with a total value of £2,285,800 ($2,915,933.15).

National Grid Stock Performance

Shares of LON:NG opened at GBX 951.60 ($12.14) on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. The company has a 50-day moving average price of GBX 991.03 and a 200-day moving average price of GBX 968.83. The company has a market cap of £46.53 billion, a price-to-earnings ratio of 1,730.18, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. National Grid plc has a 12 month low of GBX 645 ($8.23) and a 12 month high of GBX 1,145.50 ($14.61).

National Grid Cuts Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup reissued a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. Berenberg Bank lowered their target price on National Grid from GBX 1,150 ($14.67) to GBX 1,070 ($13.65) and set a “hold” rating for the company in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,200 ($15.31) price target on shares of National Grid in a research report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,181.25 ($15.07).

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.