Crossmark Global Holdings Inc. boosted its stake in National Grid plc (NYSE:NGG - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,170 shares of the utilities provider's stock after buying an additional 13,864 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in National Grid were worth $7,081,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after purchasing an additional 1,739,566 shares in the last quarter. Merewether Investment Management LP acquired a new position in shares of National Grid in the third quarter valued at approximately $66,535,000. Ausbil Investment Management Ltd purchased a new position in shares of National Grid during the third quarter valued at approximately $62,421,000. Mediolanum International Funds Ltd acquired a new stake in National Grid during the third quarter worth approximately $38,021,000. Finally, Marshall Wace LLP purchased a new stake in National Grid in the 2nd quarter worth approximately $29,097,000. Hedge funds and other institutional investors own 4.68% of the company's stock.
National Grid Price Performance
NYSE:NGG traded down $1.54 during trading hours on Wednesday, reaching $60.05. 1,525,860 shares of the company were exchanged, compared to its average volume of 970,282. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The stock has a 50 day simple moving average of $60.35 and a 200 day simple moving average of $63.77.
National Grid Dividend Announcement
The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd were issued a $2.4939 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 4%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on NGG shares. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research note on Wednesday, October 2nd. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, National Grid presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on National Grid
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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