HighTower Advisors LLC Has $3.23 Million Stake in National Grid plc (NYSE:NGG)

HighTower Advisors LLC increased its position in National Grid plc (NYSE:NGG - Free Report) by 42.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,531 shares of the utilities provider's stock after acquiring an additional 13,905 shares during the period. HighTower Advisors LLC's holdings in National Grid were worth $3,230,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hilltop Holdings Inc. raised its stake in National Grid by 7.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 8,604 shares of the utilities provider's stock valued at $599,000 after acquiring an additional 626 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of National Grid during the third quarter valued at about $1,274,000. Captrust Financial Advisors raised its stake in shares of National Grid by 1.8% during the third quarter. Captrust Financial Advisors now owns 22,140 shares of the utilities provider's stock valued at $1,543,000 after purchasing an additional 385 shares in the last quarter. Walleye Capital LLC acquired a new stake in National Grid in the third quarter worth about $962,000. Finally, Glenmede Trust Co. NA grew its position in National Grid by 5.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,999 shares of the utilities provider's stock valued at $488,000 after buying an additional 390 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Price Performance

NYSE:NGG traded up $0.15 during trading hours on Friday, hitting $59.62. 588,174 shares of the company's stock traded hands, compared to its average volume of 537,637. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The stock's fifty day moving average price is $64.24 and its two-hundred day moving average price is $63.50.

National Grid Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be given a $2.4939 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup cut shares of National Grid from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a "buy" rating for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, National Grid currently has a consensus rating of "Moderate Buy".

About National Grid

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.