Insider Buying: National Grid plc (NG) Insider Purchases 43,128 Shares of Stock

National Grid plc (LON:NG) insider Mark Williamson acquired 43,128 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of GBX 805 ($11.30) per share, for a total transaction of £347,180.40 ($487,544.45).

National Grid plc (NG) opened at GBX 791.40 ($11.11) on Monday. The company has a market capitalization of $26,730.00 and a P/E ratio of 1,648.75. National Grid plc has a 52-week low of GBX 783.80 ($11.01) and a 52-week high of GBX 1,097 ($15.41).

The firm also recently disclosed a dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, November 23rd were given a GBX 15.49 ($0.22) dividend. The ex-dividend date was Thursday, November 23rd. This represents a yield of 1.73%.

Several analysts have recently weighed in on NG shares. Barclays set a GBX 990 ($13.90) price objective on National Grid and gave the stock a “neutral” rating in a report on Thursday, November 2nd. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,060 ($14.89) target price on shares of National Grid in a research report on Friday, November 10th. Deutsche Bank restated a “sell” rating and set a GBX 900 ($12.64) target price on shares of National Grid in a research report on Monday, October 30th. Credit Suisse Group restated an “underperform” rating and set a GBX 860 ($12.08) target price on shares of National Grid in a research report on Thursday, November 2nd. Finally, restated a “buy” rating and set a GBX 1,060 ($14.89) target price on shares of National Grid in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. National Grid currently has an average rating of “Hold” and an average price target of GBX 974.06 ($13.68).

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About National Grid

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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