Insider Buying: National Grid plc (LON:NG) Insider Acquires 220,000 Shares of Stock

National Grid plc (LON:NG) insider John Pettigrew bought 220,000 shares of National Grid stock in a transaction dated Tuesday, October 1st. The stock was acquired at an average cost of GBX 1,039 ($13.90) per share, with a total value of £2,285,800 ($3,057,517.39).

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

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

National Grid Stock Down 1.8 %

Shares of LON:NG opened at GBX 1,029 ($13.76) 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 645 ($8.63) and a 52-week high of GBX 1,145.50 ($15.32). The company has a market capitalization of £50.32 billion, a PE 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 of GBX 1,005.08 and a 200-day moving average of GBX 994.99.

Analyst Upgrades and Downgrades

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

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.