Insider Buying: National Grid plc (LON:NG) Insider Acquires 33,779 Shares of Stock

National Grid plc (LON:NG) insider John Pettigrew bought 33,779 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average cost of GBX 1,059 ($14.35) per share, with a total value of £357,719.61 ($484,649.25).

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

• On Monday, June 9th, John Pettigrew bought 15 shares of National Grid stock. The stock was acquired at an average cost of GBX 1,035 ($14.02) per share, with a total value of £155.25 ($210.34).
• On Wednesday, May 7th, John Pettigrew acquired 14 shares of National Grid stock. The shares were bought at an average cost of GBX 1,071 ($14.51) per share, for a total transaction of £149.94 ($203.14).

National Grid Trading Up 0.3%

Shares of LON:NG traded up GBX 3 ($0.04) during trading on Monday, hitting GBX 1,063 ($14.40). The company had a trading volume of 6,881,551 shares. The stock has a market cap of £52.19 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34. The company has a fifty day simple moving average of GBX 1,050.30 and a two-hundred day simple moving average of GBX 993.38. National Grid plc has a one year low of GBX 645 ($8.74) and a one year high of GBX 1,145.50 ($15.52).

National Grid (LON:NG) last released its quarterly earnings results on Thursday, May 15th. The company reported GBX 55.60 ($0.75) earnings per share for the quarter. National Grid had a return on equity of 7.72% and a net margin of 11.54%. As a group, equities analysts forecast that National Grid plc will post 66.9851952 earnings per share for the current year.

About National Grid

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.