John Pettigrew Acquires 14 Shares of National Grid plc (LON:NG) Stock

National Grid plc (LON:NG) insider John Pettigrew acquired 14 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of GBX 1,028 ($13.44) per share, for a total transaction of £143.92 ($188.20).

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

• On Wednesday, August 7th, John Pettigrew purchased 15 shares of National Grid stock. The shares were acquired at an average cost of GBX 975 ($12.75) per share, with a total value of £146.25 ($191.25).
• On Friday, July 19th, John Pettigrew bought 271 shares of National Grid stock. The shares were bought at an average price of GBX 937 ($12.25) per share, with a total value of £2,539.27 ($3,320.61).
• On Monday, July 8th, John Pettigrew acquired 17 shares of National Grid stock. The stock was purchased at an average cost of GBX 931 ($12.17) per share, with a total value of £158.27 ($206.97).
• 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 ($11.66), for a total transaction of £1,759,862.48 ($2,301,376.33).

National Grid Stock Performance

LON:NG traded up GBX 16 ($0.21) during trading hours on Tuesday, hitting GBX 1,035.50 ($13.54). The company’s stock had a trading volume of 4,847,935 shares. The company has a debt-to-equity ratio of 161.24, a current ratio of 0.91 and a quick ratio of 0.34. The firm has a market capitalization of £50.64 billion, a P/E ratio of 1,853.64, a PEG ratio of 1.97 and a beta of 0.25. The company has a 50-day moving average price of GBX 967.42 and a 200-day moving average price of GBX 994.73.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,125 ($14.71) price target on shares of National Grid in a research note on Tuesday, June 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,200 ($15.69) price objective on shares of National Grid in a research note on Friday, August 30th.

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.