Insider Buying: National Grid plc (NG) Insider Buys 17 Shares of Stock

National Grid plc (LON:NG) insider John Pettigrew acquired 17 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of GBX 876 ($11.71) per share, with a total value of £148.92 ($199.12).

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

  • On Tuesday, November 14th, John Pettigrew purchased 17 shares of National Grid stock. The shares were purchased at an average price of GBX 888 ($11.87) per share, with a total value of £150.96 ($201.85).

National Grid plc (NG) traded down GBX 13.20 ($0.18) during mid-day trading on Tuesday, reaching GBX 861.90 ($11.52). 5,243,030 shares of the company were exchanged, compared to its average volume of 7,760,000. National Grid plc has a twelve month low of GBX 859.30 ($11.49) and a twelve month high of GBX 1,097 ($14.67). The firm has a market cap of $29,270.00 and a PE ratio of 1,795.63.

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 23rd will be issued a dividend of GBX 15.49 ($0.21) per share. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, November 23rd.

Several research firms have recently commented on NG. Deutsche Bank reissued a “sell” rating and set a GBX 900 ($12.03) price target on shares of National Grid in a research note on Tuesday, November 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,060 ($14.17) price objective on shares of National Grid in a research note on Thursday, September 14th. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 850 ($11.37) price objective on shares of National Grid in a research note on Friday, September 22nd. reaffirmed a “buy” rating and issued a GBX 1,060 ($14.17) price objective on shares of National Grid in a research note on Monday, October 9th. Finally, Royal Bank of Canada cut their target price on shares of National Grid from GBX 1,050 ($14.04) to GBX 950 ($12.70) and set a “sector performer” rating on the stock in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. National Grid presently has a consensus rating of “Hold” and an average target price of GBX 993.94 ($13.29).

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National Grid Company Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Insider Buying and Selling by Quarter for National Grid (LON:NG)

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