Insider Buying: National Grid plc (LON:NG) Insider Buys 15 Shares of Stock

National Grid plc (LON:NG) insider John Pettigrew bought 15 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of GBX 975 ($12.46) per share, with a total value of £146.25 ($186.90).

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

• On Friday, July 19th, John Pettigrew bought 271 shares of National Grid stock. The stock was purchased at an average price of GBX 937 ($11.97) per share, with a total value of £2,539.27 ($3,245.07).
• On Monday, July 8th, John Pettigrew bought 17 shares of National Grid stock. The stock was purchased at an average price of GBX 931 ($11.90) per share, with a total value of £158.27 ($202.26).
• On Tuesday, July 2nd, John Pettigrew sold 197,294 shares of National Grid stock. The shares were sold at an average price of GBX 892 ($11.40), for a total value of £1,759,862.48 ($2,249,025.53).
• On Friday, June 7th, John Pettigrew bought 17 shares of National Grid stock. The stock was purchased at an average price of GBX 868 ($11.09) per share, with a total value of £147.56 ($188.58).

National Grid Trading Up 1.2 %

Shares of National Grid stock opened at GBX 978.80 ($12.51) on Friday. 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 plc has a 52 week low of GBX 889.40 ($11.37) and a 52 week high of GBX 1,145.50 ($14.64). The stock has a 50 day moving average price of GBX 922 and a two-hundred day moving average price of GBX 1,000.12. The stock has a market capitalization of £47.08 billion, a PE ratio of 1,631.33, a price-to-earnings-growth ratio of 2.78 and a beta of 0.29.

National Grid Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 6th were paid a GBX 39.12 ($0.50) dividend. This represents a yield of 3.47%. The ex-dividend date of this dividend was Thursday, June 6th. This is a boost from National Grid’s previous dividend of $19.40. National Grid’s dividend payout ratio (DPR) is 9,833.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 1,330 ($17.00) price objective on shares of National Grid in a research report on Friday, April 19th. Royal Bank of Canada restated an “outperform” rating and set a GBX 1,125 ($14.38) price objective on shares of National Grid in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,200 ($15.34) price objective on shares of National Grid in a research report on Thursday, August 1st.

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.