Pathstone Holdings LLC Acquires 11,402 Shares of National Grid plc (NYSE:NGG)

Pathstone Holdings LLC raised its stake in National Grid plc (NYSE:NGG - Free Report) by 46.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,202 shares of the utilities provider's stock after buying an additional 11,402 shares during the quarter. Pathstone Holdings LLC's holdings in National Grid were worth $2,522,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC boosted its position in National Grid by 51.9% during the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider's stock worth $7,770,000 after acquiring an additional 38,123 shares during the last quarter. Atria Investments Inc boosted its holdings in National Grid by 19.3% during the first quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider's stock worth $4,183,000 after purchasing an additional 9,931 shares during the last quarter. Gradient Investments LLC grew its position in National Grid by 8,101.0% in the second quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider's stock valued at $470,000 after purchasing an additional 8,182 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in National Grid by 62.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 105,306 shares of the utilities provider's stock worth $7,337,000 after buying an additional 40,680 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of National Grid in the 3rd quarter valued at about $566,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Down 0.7 %

Shares of NYSE NGG traded down $0.43 during trading hours on Tuesday, hitting $62.83. 985,967 shares of the stock were exchanged, compared to its average volume of 540,640. The company's fifty day simple moving average is $66.18 and its two-hundred day simple moving average is $64.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40.

National Grid Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup downgraded shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research report on Wednesday, October 2nd. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.