Insider Buying: National Grid plc (LON:NG) Insider Buys 13 Shares of Stock
National Grid plc (LON:NG) insider Mike Westcott purchased 13 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of GBX 951 ($12.38) per share, with a total value of £123.63 ($161.00).
Mike Westcott also recently made the following trade(s):
- On Friday, July 7th, Mike Westcott acquired 14 shares of National Grid plc stock. The shares were purchased at an average cost of GBX 939 ($12.23) per share, with a total value of £131.46 ($171.19).
Shares of National Grid plc (NG) opened at 955.00 on Friday. The firm has a 50-day moving average of GBX 949.38 and a 200 day moving average of GBX 1,041.45. The firm’s market capitalization is GBX 32.66 billion. National Grid plc has a 52 week low of GBX 921.20 and a 52 week high of GBX 1,220.29.
The firm also recently disclosed a dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Thursday, June 1st will be paid a GBX 29.10 ($0.38) dividend. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, June 1st.
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Several analysts have recently weighed in on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 920 ($11.98) price objective on shares of National Grid plc in a report on Wednesday, May 17th. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,060 ($13.80) price objective on shares of National Grid plc in a research note on Thursday, May 18th. Morgan Stanley reduced their price objective on shares of National Grid plc from GBX 1,125 ($14.65) to GBX 1,100 ($14.32) and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,050 ($13.67) price objective on shares of National Grid plc in a research note on Tuesday, August 1st. Finally, Credit Suisse Group reissued an “underperform” rating and set a GBX 850 ($11.07) price target on shares of National Grid plc in a research report on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. National Grid plc has an average rating of “Hold” and an average target price of GBX 1,014.80 ($13.22).
National Grid plc 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.
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