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

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