BNP Paribas Financial Markets bought a new stake in National Grid plc (NYSE:NGG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,801 shares of the utilities provider's stock, valued at approximately $1,798,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in shares of National Grid in the third quarter worth about $37,000. Eastern Bank acquired a new stake in National Grid in the third quarter valued at approximately $42,000. Rothschild Investment LLC bought a new stake in shares of National Grid during the second quarter worth $37,000. Quantbot Technologies LP bought a new stake in shares of National Grid during the third quarter worth $60,000. Finally, Mather Group LLC. increased its holdings in shares of National Grid by 89.9% during the second quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock worth $51,000 after buying an additional 426 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.
National Grid Trading Down 1.7 %
Shares of NYSE NGG traded down $1.08 during trading on Friday, reaching $61.28. The company had a trading volume of 385,352 shares, compared to its average volume of 615,770. The stock has a market cap of $59.88 billion, a P/E ratio of 12.64, a PEG ratio of 5.73 and a beta of 0.62. The company's fifty day moving average price is $64.90 and its 200-day moving average price is $63.61. 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 12 month low of $55.13 and a 12 month high of $73.40.
National Grid Announces Dividend
The company also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd will be given a dividend of $2.4939 per share. This represents a yield of 4%. The ex-dividend date is Friday, November 22nd. National Grid's dividend payout ratio is presently 41.65%.
Analyst Ratings Changes
A number of brokerages recently weighed in on NGG. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research report on Wednesday, October 2nd. They set a "buy" rating on the stock. Citigroup cut National Grid from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
View Our Latest Stock Report on NGG
About National Grid
(
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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