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

National Grid plc (LON:NG - Get Free Report) insider John Pettigrew bought 15 shares of National Grid stock in a transaction that occurred on Wednesday, August 7th. The stock was bought 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 acquired at an average cost of GBX 937 ($11.97) per share, for a total transaction of £2,539.27 ($3,245.07).
• On Monday, July 8th, John Pettigrew bought 17 shares of National Grid stock. The shares were bought at an average cost of GBX 931 ($11.90) per share, for a total transaction of £158.27 ($202.26).
• 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 ($11.40), for a total value of £1,759,862.48 ($2,249,025.53).
• On Friday, June 7th, John Pettigrew acquired 17 shares of National Grid stock. The shares were purchased at an average price of GBX 868 ($11.09) per share, for a total transaction of £147.56 ($188.58).

National Grid Trading Up 1.0 %

Shares of LON:NG traded up GBX 9.20 ($0.12) during midday trading on Thursday, hitting GBX 976 ($12.47). The company had a trading volume of 7,629,300 shares. The firm has a fifty day simple moving average of GBX 916.54 and a 200 day simple moving average of GBX 1,000.84. The stock has a market cap of £46.95 billion, a price-to-earnings ratio of 1,626.67, a PEG ratio of 2.78 and a beta of 0.29. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 161.24. National Grid plc has a 12 month low of GBX 889.40 ($11.37) and a 12 month high of GBX 1,145.50 ($14.64).

National Grid Increases Dividend

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

Analysts Set New Price Targets

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

About National Grid

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.