Barclays PLC Has $1.66 Million Position in National Grid plc (NYSE:NGG)

Barclays PLC decreased its position in shares of National Grid plc (NYSE:NGG - Free Report) by 71.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,800 shares of the utilities provider's stock after selling 60,000 shares during the period. Barclays PLC's holdings in National Grid were worth $1,658,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after buying an additional 1,739,566 shares in the last quarter. Merewether Investment Management LP bought a new stake in National Grid in the third quarter worth about $66,535,000. Ausbil Investment Management Ltd acquired a new stake in National Grid in the 3rd quarter valued at about $62,421,000. Hsbc Holdings PLC boosted its position in shares of National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider's stock valued at $36,917,000 after purchasing an additional 644,553 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of National Grid by 3.1% in the 3rd quarter. Bank of Montreal Can now owns 553,394 shares of the utilities provider's stock worth $38,588,000 after purchasing an additional 16,610 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Trading Down 3.3 %

NGG stock traded down $1.89 during mid-day trading on Friday, reaching $56.09. 964,812 shares of the stock traded hands, compared to its average volume of 557,752. The stock's fifty day moving average is $61.13 and its 200-day moving average is $63.75. The company has a market cap of $54.81 billion, a P/E ratio of 11.61, a P/E/G ratio of 5.49 and a beta of 0.62. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40.

National Grid Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, November 22nd will be paid a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date is Friday, November 22nd. National Grid's dividend payout ratio is 41.61%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NGG. Citigroup cut shares of National Grid from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research report on Wednesday, October 2nd. They set a "buy" rating for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

About National Grid

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.