Blue Trust Inc. Has $581,000 Position in National Grid plc (NYSE:NGG)

Blue Trust Inc. boosted its holdings in National Grid plc (NYSE:NGG - Free Report) by 92.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,774 shares of the utilities provider's stock after purchasing an additional 4,707 shares during the period. Blue Trust Inc.'s holdings in National Grid were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of National Grid by 77.3% in the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock valued at $277,964,000 after buying an additional 1,739,566 shares in the last quarter. Merewether Investment Management LP bought a new position in shares of National Grid in the 3rd quarter valued at about $66,535,000. Ausbil Investment Management Ltd bought a new position in shares of National Grid in the 3rd quarter valued at about $62,421,000. Bank of Montreal Can increased its stake in shares of National Grid by 3.1% during 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. Finally, Mediolanum International Funds Ltd bought a new stake in shares of National Grid in the 3rd quarter valued at about $38,021,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Performance

Shares of NYSE:NGG traded down $0.39 during trading on Friday, reaching $61.35. 876,082 shares of the stock were exchanged, compared to its average volume of 915,909. 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 12 month low of $55.13 and a 12 month high of $73.40. The stock has a 50-day moving average price of $60.07 and a 200-day moving average price of $63.71.

National Grid Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd were issued a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date was Friday, November 22nd.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, National Grid has a consensus rating of "Moderate Buy".

National Grid 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.