National Grid plc (LON:NG) Insider John Pettigrew Acquires 15 Shares

National Grid plc (LON:NG) insider John Pettigrew bought 15 shares of National Grid stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of GBX 960 ($12.27) per share, for a total transaction of £144 ($183.98).

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 acquired at an average cost of GBX 992 ($12.67) per share, for a total transaction of £148.80 ($190.11).
• On Monday, October 7th, John Pettigrew bought 16 shares of National Grid stock. The stock was acquired at an average cost of GBX 992 ($12.67) per share, for a total transaction of £158.72 ($202.79).
• On Tuesday, October 1st, John Pettigrew acquired 220,000 shares of National Grid stock. The shares were purchased at an average cost of GBX 1,039 ($13.27) per share, for a total transaction of £2,285,800 ($2,920,403.73).

National Grid Stock Up 0.7 %

Shares of NG opened at GBX 964.80 ($12.33) on Wednesday. The company has a market capitalization of £47.18 billion, a PE ratio of 1,754.18, a PEG ratio of 2.06 and a beta of 0.25. National Grid plc has a 12 month low of GBX 645 ($8.24) and a 12 month high of GBX 1,145.50 ($14.64). The stock’s 50-day moving average price is GBX 992.95 and its two-hundred day moving average price is GBX 968.95. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24.

National Grid Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be issued 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 presently 10,363.64%.

Analysts Set New Price Targets

NG has been the topic of several recent research reports. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,200 ($15.33) price objective on shares of National Grid in a report on Friday, August 30th. Citigroup reissued a “top pick” rating on shares of National Grid in a report on Monday, September 16th. Finally, Berenberg Bank cut their price objective on National Grid from GBX 1,150 ($14.69) to GBX 1,070 ($13.67) and set a “hold” rating on the stock in a report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 1,181.25 ($15.09).

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.