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

National Grid plc (LON:NG) insider John Pettigrew bought 15 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of GBX 992 ($12.91) per share, with a total value of £148.80 ($193.70).

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

• On Monday, October 7th, John Pettigrew purchased 16 shares of National Grid stock. The stock was bought at an average cost of GBX 992 ($12.91) per share, with a total value of £158.72 ($206.61).
• 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 ($13.53) per share, for a total transaction of £2,285,800 ($2,975,527.21).
• On Monday, September 9th, John Pettigrew bought 14 shares of National Grid stock. The stock was purchased at an average price of GBX 1,028 ($13.38) per share, with a total value of £143.92 ($187.35).

National Grid Stock Down 0.6 %

Shares of LON:NG opened at GBX 975.80 ($12.70) on Friday. National Grid plc has a 12-month low of GBX 645 ($8.40) and a 12-month high of GBX 1,145.50 ($14.91). The stock has a market capitalization of £47.72 billion, a price-to-earnings ratio of 1,774.18, a PEG ratio of 2.06 and a beta of 0.25. The stock has a fifty day simple moving average of GBX 1,015.33 and a two-hundred day simple moving average of GBX 986.51. 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 company also recently declared a dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, November 21st will be paid a GBX 15.84 ($0.21) dividend. This represents a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 21st. National Grid’s payout ratio is 10,363.64%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup reaffirmed a “top pick” rating on shares of National Grid in a research note on Monday, September 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,200 ($15.62) target price on shares of National Grid in a research report on Friday, August 30th. Finally, Berenberg Bank lowered their price target on shares of National Grid from GBX 1,150 ($14.97) to GBX 1,070 ($13.93) and set a “hold” rating for the company in a research report on Monday, October 14th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 1,181.25 ($15.38).

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.