Natixis Advisors LLC boosted its holdings in National Grid plc (NYSE:NGG - Free Report) by 51.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,526 shares of the utilities provider's stock after purchasing an additional 38,123 shares during the quarter. Natixis Advisors LLC's holdings in National Grid were worth $7,770,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bessemer Group Inc. purchased a new stake in shares of National Grid in the 1st quarter worth approximately $29,000. Fortitude Family Office LLC purchased a new stake in shares of National Grid in the third quarter worth $37,000. Eastern Bank bought a new position in shares of National Grid during the third quarter valued at $42,000. Rothschild Investment LLC purchased a new position in shares of National Grid in the 2nd quarter worth about $37,000. Finally, Pathway Financial Advisers LLC bought a new position in National Grid in the 1st quarter worth about $53,000. Institutional investors own 4.68% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a report on Wednesday, October 2nd. They issued a "buy" rating for the company. Citigroup lowered shares of National Grid from a "buy" rating to a "neutral" rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Research Report on National Grid
National Grid Stock Performance
NGG traded up $0.01 during midday trading on Friday, hitting $63.11. 1,020,574 shares of the company traded hands, compared to its average volume of 538,123. The company's 50-day moving average is $66.45 and its 200 day moving average is $64.31. 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 firm has a market capitalization of $61.67 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 6.00 and a beta of 0.62. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.
National Grid Dividend Announcement
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, November 22nd will be given a dividend of $2.4939 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 4%. National Grid's dividend payout ratio (DPR) is 102.06%.
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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