Y Intercept Hong Kong Ltd Acquires Shares of 9,195 National Grid plc (NYSE:NGG)

Y Intercept Hong Kong Ltd purchased a new position in shares of National Grid plc (NYSE:NGG - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 9,195 shares of the utilities provider's stock, valued at approximately $641,000.

Other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in National Grid in the second quarter worth approximately $37,000. Fortitude Family Office LLC bought a new stake in shares of National Grid in the 3rd quarter valued at $37,000. Eastern Bank acquired a new position in shares of National Grid during the 3rd quarter valued at $42,000. Blue Trust Inc. lifted its position in shares of National Grid by 778.5% during the 2nd quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 942 shares during the period. Finally, Quantbot Technologies LP bought a new position in National Grid during the third quarter worth $60,000. 4.68% of the stock is owned by institutional investors.

National Grid Stock Up 0.3 %

NGG traded up $0.16 during trading on Friday, hitting $59.63. 588,174 shares of the company's stock were exchanged, compared to its average volume of 537,637. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The stock has a market cap of $58.27 billion, a P/E ratio of 12.29, a PEG ratio of 5.53 and a beta of 0.62. The business's 50 day moving average is $64.10 and its two-hundred day moving average is $63.51. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Dividend Announcement

The business also recently disclosed 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. National Grid's dividend payout ratio (DPR) is presently 41.44%.

Wall Street Analyst Weigh In

NGG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research note on Wednesday, October 2nd. They issued a "buy" rating for the company. Citigroup lowered National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

National Grid Company Profile

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.