Atria Investments Inc raised its position in National Grid plc (NYSE:NGG - Free Report) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,741 shares of the utilities provider's stock after acquiring an additional 10,310 shares during the period. Atria Investments Inc's holdings in National Grid were worth $4,510,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in NGG. RFP Financial Group LLC raised its holdings in National Grid by 119.8% in the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of National Grid in the 1st quarter worth approximately $27,000. Bessemer Group Inc. acquired a new position in shares of National Grid in the 1st quarter worth approximately $29,000. Rothschild Investment LLC acquired a new position in shares of National Grid in the 2nd quarter worth approximately $37,000. Finally, Fortitude Family Office LLC acquired a new position in shares of National Grid in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 4.68% of the company's stock.
National Grid Stock Performance
NGG traded down $0.78 during mid-day trading on Wednesday, reaching $62.12. The stock had a trading volume of 1,235,150 shares, compared to its average volume of 532,817. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The firm's fifty day simple moving average is $67.22 and its two-hundred day simple moving average is $64.49. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.
National Grid Dividend Announcement
The business 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 is Friday, November 22nd.
Wall Street Analyst Weigh In
A number of research firms recently commented on NGG. Citigroup lowered National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They set a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".
Get Our Latest Stock Analysis on National Grid
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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