John Pettigrew Purchases 15 Shares of National Grid plc (LON:NG) Stock

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

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

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

National Grid Trading Down 1.4 %

Shares of NG stock opened at GBX 951.60 ($12.14) on Thursday. The company has a market capitalization of £46.53 billion, a PE 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 52-week low of GBX 645 ($8.23) and a 52-week high of GBX 1,145.50 ($14.61). The business’s fifty day moving average is GBX 991.03 and its 200 day moving average is GBX 968.83. 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 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 issued a dividend of GBX 15.84 ($0.20) per share. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, November 21st. National Grid’s payout ratio is 10,363.64%.

Wall Street Analysts Forecast Growth

NG has been the topic of a number of analyst reports. Citigroup reissued a “top pick” rating on shares of National Grid in a report on Monday, September 16th. Berenberg Bank decreased their price objective on National Grid from GBX 1,150 ($14.67) to GBX 1,070 ($13.65) and set a “hold” rating on the stock in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,200 ($15.31) target price on shares of National Grid in a research note on Friday, August 30th. One investment 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 company. According to MarketBeat.com, National Grid has an average rating of “Buy” and a consensus target price of GBX 1,181.25 ($15.07).

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.