John Pettigrew, Insider at National Grid plc (LON:NG – Get Free Report), bought 15 shares of the company on Wednesday, August 7. The shares were purchased at an average price of GBX 975 ($12.46) per share, for a total value of £146.25 ($186.90).
John Pettigrew has also recently completed the following transactions:
- On Friday, July 19, John Pettigrew purchased 271 shares of National Grid. The average purchase price was £937 (US$11.97) per share, for a total value of £2,539.27 (US$3,245.07).
- On Monday, July 8, John Pettigrew purchased 17 shares of National Grid. The average purchase price was £931 (US$11.90) per share, for a total transaction of £158.27 (US$202.26).
- On Tuesday, July 2, John Pettigrew sold 197,294 shares of National Grid. The average price of the shares was GBX892 ($11.40), for a total value of £1,759,862.48 ($2,249,025.53).
- On Friday, June 7, John Pettigrew purchased 17 shares of National Grid stock. The shares were purchased at an average price of £868 (US$11.09) per share, for a total transaction of £147.56 (US$188.58).
National network trade increases by 1.0%
LON NG opened at GBX 976 ($12.47) on Friday. The company has a market capitalization of £46.95 billion, a price-to-earnings ratio of 1,626.67, a price-to-earnings-growth ratio of 2.78 and a beta of 0.29. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34. 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). The company’s 50-day moving average price is GBX 919.29 and its 200-day moving average price is GBX 1,000.67.
National Grid increases dividend
The company also recently announced a dividend, which was paid on Friday, July 19th. Shareholders on the share register on Thursday, June 6th were paid a dividend of £39.12 (US$0.50) per share. This is an increase on National Grid’s previous dividend of US$19.40. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 3.47%. National Grid’s dividend payout ratio (DPR) is currently 9,833.33%.
Analysts set new price targets
NG has been the subject of a number of analyst reports lately. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,125 ($14.38) price target on shares of National Grid in a report on Tuesday, June 25. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,330 ($17.00) price target on shares of National Grid in a research report on Friday, April 19. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,200 ($15.34) price target on shares of National Grid in a report on Thursday, August 1.
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About National Grid
(Get free report)
National Grid plc transmits and distributes electricity and gas. The company operates through the 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 services in England and Wales.
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