National Grid plc (LON:NG) Insider John Pettigrew Buys 17 Shares of Stock

National Grid plc (LON:NGGet Free Report) insider John Pettigrew acquired 17 shares of the stock in a transaction dated Monday, July 8th. The shares were purchased at an average price of GBX 931 ($11.93) per share, for a total transaction of £158.27 ($202.73).

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

  • On Tuesday, July 2nd, John Pettigrew sold 197,294 shares of National Grid stock. The stock was sold at an average price of GBX 892 ($11.43), for a total transaction of £1,759,862.48 ($2,254,210.94).
  • On Friday, June 7th, John Pettigrew acquired 17 shares of National Grid stock. The shares were purchased at an average price of GBX 868 ($11.12) per share, for a total transaction of £147.56 ($189.01).
  • On Tuesday, May 7th, John Pettigrew acquired 14 shares of National Grid stock. The shares were purchased at an average price of GBX 1,089 ($13.95) per share, for a total transaction of £152.46 ($195.29).

National Grid Stock Up 0.1 %

Shares of NG opened at GBX 929.80 ($11.91) on Wednesday. National Grid plc has a 52 week low of GBX 889.40 ($11.39) and a 52 week high of GBX 1,145.50 ($14.67). The firm has a market cap of £44.72 billion, a P/E ratio of 1,547.67, a price-to-earnings-growth ratio of 2.78 and a beta of 0.29. The firm’s 50-day simple moving average is GBX 963.46 and its 200 day simple moving average is GBX 1,015.87. 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 Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 6th will be issued a GBX 39.12 ($0.50) dividend. The ex-dividend date is Thursday, June 6th. This represents a yield of 3.47%. This is an increase from National Grid’s previous dividend of $19.40. National Grid’s payout ratio is currently 9,833.33%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a GBX 1,125 ($14.41) price objective on shares of National Grid in a research note on Tuesday, June 25th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,330 ($17.04) price target on shares of National Grid in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. reiterated a “top pick” rating on shares of National Grid in a research note on Friday, July 5th.

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About National Grid

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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.

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