Insider Buying: National Grid plc (NG) Insider Purchases 18 Shares of Stock

National Grid plc (LON:NG) insider Nicola Shaw purchased 18 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average price of GBX 864 ($11.72) per share, for a total transaction of £155.52 ($210.90).

Shares of National Grid plc (LON NG) opened at GBX 838.50 ($11.37) on Thursday. National Grid plc has a 52-week low of GBX 837.90 ($11.36) and a 52-week high of GBX 1,097 ($14.88). The company has a market cap of $28,240.00 and a PE ratio of 1,746.88.

The firm also recently declared a dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, November 23rd were given a dividend of GBX 15.49 ($0.21) per share. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, November 23rd.

A number of equities analysts recently issued reports on NG shares. Bank of America set a GBX 1,140 ($15.46) price target on shares of National Grid and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Deutsche Bank reiterated a “sell” rating and issued a GBX 900 ($12.21) price target on shares of National Grid in a research note on Monday, November 13th. Morgan Stanley reiterated an “overweight” rating on shares of National Grid in a research note on Tuesday, October 31st. Macquarie reiterated a “neutral” rating and issued a GBX 975 ($13.22) price target on shares of National Grid in a research note on Thursday, October 26th. Finally, Barclays set a GBX 990 ($13.43) price target on shares of National Grid and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. National Grid has a consensus rating of “Hold” and an average price target of GBX 993.94 ($13.48).

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National Grid Company Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

Insider Buying and Selling by Quarter for National Grid (LON:NG)

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