National Grid plc (LON:NG) Insider Tony Wood Buys 2,000 Shares

National Grid plc (LON:NGGet Rating) insider Tony Wood purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 19th. The shares were acquired at an average price of GBX 1,229 ($15.15) per share, for a total transaction of £24,580 ($30,300.79).

Shares of LON NG opened at GBX 1,210.50 ($14.92) on Friday.

The company also recently announced a dividend, which will be paid on Wednesday, August 17th. Investors of record on Wednesday, June 1st will be paid a dividend of GBX 33.76 ($0.42) per share. This represents a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, June 1st.

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,220 ($15.04) price target on shares of National Grid in a report on Friday. Morgan Stanley reiterated an “equal weight” rating on shares of National Grid in a report on Wednesday, May 11th.

About National Grid (Get Rating)

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures (NGV) and Other segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,236 kilometers of overhead lines.

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