Atlanta Consulting Group Advisors LLC purchased a new stake in National Grid plc (NYSE:NGG - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,281 shares of the utilities provider's stock, valued at approximately $1,065,000.
A number of other large investors have also made changes to their positions in NGG. Headlands Technologies LLC purchased a new stake in shares of National Grid during the 1st quarter worth approximately $27,000. Bessemer Group Inc. acquired a new stake in shares of National Grid in the first quarter valued at approximately $29,000. Fortitude Family Office LLC purchased a new position in shares of National Grid during the 3rd quarter worth approximately $37,000. Eastern Bank purchased a new stake in National Grid in the 3rd quarter valued at approximately $42,000. Finally, Rothschild Investment LLC acquired a new stake in National Grid during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 4.68% of the company's stock.
National Grid Trading Up 0.6 %
Shares of National Grid stock traded up $0.38 during trading hours on Friday, reaching $62.75. The stock had a trading volume of 684,074 shares, compared to its average volume of 482,354. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The firm has a 50 day simple moving average of $66.92 and a two-hundred day simple moving average of $64.41.
National Grid Announces Dividend
The company 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 dividend of $2.4939 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 4%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on NGG. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a "buy" rating for the company. Citigroup lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on NGG
National Grid Company 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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