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

National Grid plc (LON:NG - Get Free Report) insider John Pettigrew bought 15 shares of the stock in a transaction dated Thursday, November 7th. The stock was acquired at an average price 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 acquired 16 shares of National Grid stock. The stock was purchased at an average price of GBX 992 ($12.91) per share, with a total value of £158.72 ($206.61).
• On Tuesday, October 1st, John Pettigrew bought 220,000 shares of National Grid stock. The shares were bought at an average price 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 acquired 14 shares of National Grid stock. The shares were acquired at an average price of GBX 1,028 ($13.38) per share, for a total transaction of £143.92 ($187.35).

National Grid Stock Down 0.1 %

LON NG traded down GBX 1.20 ($0.02) during trading on Friday, hitting GBX 982 ($12.78). The stock had a trading volume of 9,340,305 shares. The company has a market capitalization of £48.02 billion, a PE ratio of 1,787.64, a P/E/G ratio of 2.06 and a beta of 0.25. 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 company's 50-day moving average price is GBX 1,015.52 and its two-hundred day moving average price is GBX 987.32. 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 Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 15.84 ($0.21) per share. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 21st. National Grid's dividend payout ratio (DPR) is 10,363.64%.

Wall Street Analyst Weigh In

NG has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,200 ($15.62) price objective on shares of National Grid in a report on Friday, August 30th. Citigroup reiterated a "top pick" rating on shares of National Grid in a report on Monday, September 16th. Finally, Berenberg Bank cut their target price on National Grid from GBX 1,150 ($14.97) to GBX 1,070 ($13.93) and set a "hold" rating on the stock in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 1,181.25 ($15.38).

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.

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