Hennessy Advisors Inc. grew its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 209,144 shares of the utilities provider's stock after purchasing an additional 5,700 shares during the period. Hennessy Advisors Inc.'s holdings in National Grid were worth $12,427,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of NGG. Fortitude Family Office LLC acquired a new stake in National Grid during the third quarter worth about $37,000. Eastern Bank bought a new position in shares of National Grid during the third quarter valued at approximately $42,000. Quantbot Technologies LP acquired a new stake in shares of National Grid during the 3rd quarter worth approximately $60,000. Addison Advisors LLC lifted its holdings in shares of National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider's stock worth $69,000 after purchasing an additional 718 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in National Grid by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider's stock valued at $70,000 after purchasing an additional 314 shares during the period. 4.68% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on NGG. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research report on Wednesday, October 2nd. They issued a "buy" rating on the stock. Citigroup lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Check Out Our Latest Report on National Grid
National Grid Stock Performance
NGG stock traded up $0.42 on Friday, reaching $59.57. The company's stock had a trading volume of 1,669,883 shares, compared to its average volume of 520,459. 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 firm has a fifty day moving average of $60.47 and a two-hundred day moving average of $63.68.
National Grid Dividend Announcement
The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd were paid a $2.4939 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 4%.
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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