Director dealings: National Grid non-exec buys shares after capital raise

11th Jul 2024 16:02

(Sharecast News) - Earl Shipp, an independent non-executive director at National Grid, picked up some shares in the utilities group at the start of the third quarter.

On 2 July, Shipp purchased 1,000 shares at 899p apiece for a total transaction amount of £9,259.7.

That same day, analysts at JP Morgan had added the shares to their 'analyst focus list'.

The company, they argued, was well positioned to benefit from value-accretive networks growth and offered an attractive valuation.

"We believe that the shares are trading below fair value because of election uncertainty, and because of regulatory uncertainty in UK Electricity Transmission - we should begin to see clarity from the regulator's methodology decision due next week," they added.

On 23 May, the company had announced a larger-than-expected £7bn capital raise to finance investment in the US and UK.

Its power networks in both countries were under pressure amid the broader shift towards renewable energy.

Analysts had anticipated that National Grid would try and raise up to £5bn.

Top Director Buys

Triad Group (TRD)

Director name: Rigg,John C

Amount purchased: 425,500 @ 315.00p

Value: £1,340,325.04

National Grid (NG.)

Director name: Shipp,Earl

Amount purchased: 7,030 @ 899.00p

Value: £9,259.70

Simec Atlantis Energy Limited (di) (SAE)

Director name: Hirst,Simon

Amount purchased: 850,000 @ 1.99p

Value: £16,893.75

Cvs Group (CVSG)

Director name: Gray,Richard

Amount purchased: 1,600 @ 1,019.00p

Value: £16,304.00

Simec Atlantis Energy Limited (di) (SAE)

Director name: Woodley ,John Anthony Clifford

Amount purchased: 500,000 @ 2.00p

Value: £10,012.50

Solid State (SOLI)

Director name: James,Peter Owen

Amount purchased: 699 @ 1,430.00p

Value: £9,995.70

Simec Atlantis Energy Limited (di) (SAE)

Director name: Black,Duncan

Amount purchased: 271,951 @ 2.00p

Value: £5,439.02

Simec Atlantis Energy Limited (di) (SAE)

Director name: Reid,Graham

Amount purchased: 225,780 @ 2.16p

Value: £4,872.33

Triad Group (TRD)

Director name: Rigg,John C

Amount purchased: 212,750 @ 1.00p

Value: £2,127.50

Fdm Group (holdings) (FDM)

Director name: Flavell,Sheila

Amount purchased: 241 @ 414.00p

Value: £997.74

Fdm Group (holdings) (FDM)

Director name: Flavell,Roderick (Rod)

Amount purchased: 241 @ 414.00p

Value: £997.74

Fdm Group (holdings) (FDM)

Director name: McLaren ,Michael (Mike)

Amount purchased: 120 @ 414.00p

Value: £496.80

Sabre Insurance Group (SBRE)

Director name: Carter,Geoffrey Richard

Amount purchased: 134 @ 150.16p

Value: £201.21

Croda International (CRDA)

Director name: Foots,Steve

Amount purchased: 4 @ 3,992.00p

Value: £159.68

Easyjet (EZJ)

Director name: Jarvis,Kenton

Amount purchased: 32 @ 478.00p

Value: £152.96

Cls Holdings (CLI)

Director name: Widlund,Fredrik

Amount purchased: 163 @ 92.00p

Value: £149.96

Cls Holdings (CLI)

Director name: Kirkman ,Andrew

Amount purchased: 163 @ 92.00p

Value: £149.96

Croda International (CRDA)

Director name: Brophy ,Tom

Amount purchased: 3 @ 3,992.00p

Value: £119.76

Top Director Sells

Solid State (SOLI)

Director name: Marsh,Gary

Amount sold: 35,000 @ 1,420.00p

Value: £496,999.99

Solid State (SOLI)

Director name: Macmichael,John

Amount sold: 30,000 @ 1,420.00p

Value: £425,999.99

Wetherspoon (j.d.) (JDW)

Director name: Whitley ,Ben

Amount sold: 7,000 @ 761.40p

Value: £53,298.17

Wetherspoon (j.d.) (JDW)

Director name: Whitley ,Ben

Amount sold: 7,000 @ 761.40p

Value: £53,298.17

Triad Group (TRD)

Director name: Rigg,John C

Amount sold: 425,500 @ 1.00p

Value: £4,255.00