Benjamin Edwards Inc. bought a new stake in shares of National Grid plc (NYSE:NGG - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,290 shares of the utilities provider's stock, valued at approximately $1,274,000.
Other hedge funds have also made changes to their positions in the company. FMR LLC increased its stake in National Grid by 77.3% during the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock valued at $277,964,000 after purchasing an additional 1,739,566 shares during the last quarter. Ausbil Investment Management Ltd bought a new stake in shares of National Grid during the 3rd quarter valued at about $62,421,000. Hsbc Holdings PLC lifted its holdings in National Grid by 11,704.2% in the second quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider's stock worth $36,917,000 after acquiring an additional 644,553 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in National Grid in the third quarter worth about $38,021,000. Finally, Marshall Wace LLP acquired a new position in National Grid in the second quarter valued at approximately $29,097,000. Institutional investors and hedge funds own 4.68% of the company's stock.
National Grid Stock Down 1.7 %
NGG traded down $1.08 during trading hours on Friday, hitting $61.28. The company's stock had a trading volume of 385,332 shares, compared to its average volume of 537,041. 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 plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a 50-day simple moving average of $65.07 and a 200 day simple moving average of $63.75.
National Grid Dividend Announcement
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, November 22nd will be issued a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.
Wall Street Analyst Weigh In
Several analysts recently issued reports on NGG shares. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a report on Wednesday, October 2nd. They issued a "buy" rating on the stock. Citigroup cut National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, National Grid presently has an average rating of "Moderate Buy".
Read Our Latest 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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