John Pettigrew Buys 220,000 Shares of National Grid plc (LON:NG) Stock

National Grid plc (LON:NG) insider John Pettigrew bought 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was purchased at an average cost of GBX 1,039 ($13.90) per share, for a total transaction of £2,285,800 ($3,057,517.39).

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

• On Monday, September 9th, John Pettigrew bought 14 shares of National Grid stock. The shares were acquired at an average price of GBX 1,028 ($13.75) per share, with a total value of £143.92 ($192.51).
• On Wednesday, August 7th, John Pettigrew purchased 15 shares of National Grid stock. The shares were acquired at an average cost of GBX 975 ($13.04) per share, for a total transaction of £146.25 ($195.63).
• On Friday, July 19th, John Pettigrew bought 271 shares of National Grid stock. The stock was bought at an average cost of GBX 937 ($12.53) per share, for a total transaction of £2,539.27 ($3,396.56).
• On Monday, July 8th, John Pettigrew purchased 17 shares of National Grid stock. The shares were bought at an average cost of GBX 931 ($12.45) per share, with a total value of £158.27 ($211.70).

National Grid Trading Down 1.8 %

NG stock opened at GBX 1,029 ($13.76) on Friday. The stock has a market cap of £50.32 billion, a price-to-earnings ratio of 1,870.91, a price-to-earnings-growth ratio of 2.04 and a beta of 0.25. The company has a fifty day moving average price of GBX 1,005.08 and a two-hundred day moving average price of GBX 994.99. National Grid plc has a one year low of GBX 645 ($8.63) and a one year high of GBX 1,145.50 ($15.32). The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,200 ($16.05) price objective on shares of National Grid in a research note on Friday, August 30th. Citigroup restated a “top pick” rating on shares of National Grid in a report on Monday, September 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,125 ($15.05) price target on shares of National Grid in a research note on Tuesday, June 25th.

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.