AMG National Trust Bank acquired a new stake in shares of National Grid plc (NYSE:NGG - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,100 shares of the utilities provider's stock, valued at approximately $1,122,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new stake in National Grid in the first quarter worth about $29,000. Fortitude Family Office LLC acquired a new stake in National Grid in the third quarter worth about $37,000. Eastern Bank acquired a new stake in National Grid in the third quarter worth about $42,000. Rothschild Investment LLC acquired a new stake in National Grid in the second quarter worth about $37,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of National Grid in the first quarter worth about $53,000. Institutional investors own 4.68% of the company's stock.
National Grid Stock Performance
Shares of NYSE:NGG traded down $0.31 during trading on Wednesday, reaching $63.27. The stock had a trading volume of 549,423 shares, compared to its average volume of 534,378. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The business has a fifty day moving average price of $66.69 and a 200-day moving average price of $64.32. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40.
National Grid Announces Dividend
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be paid a $2.4939 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.
Wall Street Analyst Weigh In
NGG has been the subject of several research analyst reports. Citigroup cut National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a research report on Wednesday, October 2nd. They set a "buy" rating for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, National Grid has an average rating of "Moderate Buy".
Read Our Latest Stock Report on NGG
National Grid Profile
(
Free Report)
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.
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