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

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

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 acquired at an average cost of GBX 992 ($12.67) per share, with a total value of £148.80 ($190.11).
• On Monday, October 7th, John Pettigrew acquired 16 shares of National Grid stock. The stock was acquired at an average cost of GBX 992 ($12.67) per share, with a total value of £158.72 ($202.79).
• 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 ($13.27) per share, with a total value of £2,285,800 ($2,920,403.73).

National Grid Stock Performance

Shares of National Grid stock opened at GBX 964.80 ($12.33) on Wednesday. National Grid plc has a one year low of GBX 645 ($8.24) and a one year high of GBX 1,145.50 ($14.64). The firm has a market capitalization of £47.18 billion, a price-to-earnings ratio of 1,754.18, a PEG ratio of 2.06 and a beta of 0.25. The business has a 50-day simple moving average of GBX 992.95 and a 200 day simple moving average of GBX 968.95. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34.

National Grid Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,200 ($15.33) price objective on shares of National Grid in a research report on Friday, August 30th. Berenberg Bank decreased their target price on National Grid from GBX 1,150 ($14.69) to GBX 1,070 ($13.67) and set a “hold” rating for the company in a research report on Monday, October 14th. Finally, Citigroup reaffirmed 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,181.25 ($15.09).

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.