National Grid plc (NYSE:NGG) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in shares of National Grid plc (NYSE:NGG - Free Report) by 62.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,306 shares of the utilities provider's stock after acquiring an additional 40,680 shares during the period. Crossmark Global Holdings Inc.'s holdings in National Grid were worth $7,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital International Investors bought a new position in shares of National Grid in the 1st quarter worth $86,218,000. Ausbil Investment Management Ltd bought a new position in National Grid in the 3rd quarter worth about $62,421,000. Hsbc Holdings PLC boosted its position in shares of National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider's stock valued at $36,917,000 after acquiring an additional 644,553 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of National Grid during the 3rd quarter valued at about $38,021,000. Finally, Marshall Wace LLP purchased a new position in shares of National Grid during the 2nd quarter valued at about $29,097,000. Institutional investors and hedge funds own 4.68% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup lowered National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a research note on Wednesday, October 2nd. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, National Grid currently has a consensus rating of "Moderate Buy".

National Grid Stock Up 0.3 %

NGG traded up $0.21 during trading hours on Monday, reaching $64.15. The company's stock had a trading volume of 404,686 shares, compared to its average volume of 528,126. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The business's 50-day moving average is $67.34 and its 200-day moving average is $64.53.

National Grid Dividend Announcement

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

National Grid Company 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.