National Grid plc (LON:NG) insider John Pettigrew acquired 17 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of GBX 888 ($11.68) per share, with a total value of £150.96 ($198.55).
Shares of National Grid plc (NG) opened at GBX 882.80 ($11.61) on Friday. National Grid plc has a 1-year low of GBX 883.10 ($11.62) and a 1-year high of GBX 1,097 ($14.43).
The company also recently declared a dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, November 23rd will be issued a dividend of GBX 15.49 ($0.20) per share. The ex-dividend date is Thursday, November 23rd. This represents a dividend yield of 1.73%.
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A number of equities research analysts have commented on NG shares. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,060 ($13.94) price objective on shares of National Grid plc in a research report on Thursday, September 14th. Deutsche Bank AG restated a “sell” rating and set a GBX 900 ($11.84) price objective on shares of National Grid plc in a research report on Monday, October 30th. restated a “buy” rating and set a GBX 1,060 ($13.94) price objective on shares of National Grid plc in a research report on Monday, October 9th. Credit Suisse Group restated an “underperform” rating and set a GBX 850 ($11.18) price objective on shares of National Grid plc in a research report on Friday, July 21st. Finally, Macquarie restated a “neutral” rating and set a GBX 975 ($12.82) price objective on shares of National Grid plc in a research report on Thursday, October 26th. Five analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 991.06 ($13.04).
About National Grid plc
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.
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