Public Employees Retirement System of Ohio Buys New Holdings in National Grid plc (NYSE:NGG)

Public Employees Retirement System of Ohio purchased a new stake in shares of National Grid plc (NYSE:NGG - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 24,500 shares of the utilities provider's stock, valued at approximately $1,707,000.

A number of other hedge funds have also recently added to or reduced their stakes in NGG. Blue Trust Inc. raised its holdings in National Grid by 778.5% during the second quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider's stock valued at $60,000 after buying an additional 942 shares in the last quarter. &PARTNERS bought a new stake in National Grid during the second quarter worth approximately $441,000. Fullcircle Wealth LLC acquired a new position in National Grid during the second quarter valued at approximately $211,000. Bank of New York Mellon Corp raised its position in shares of National Grid by 128.4% in the second quarter. Bank of New York Mellon Corp now owns 148,184 shares of the utilities provider's stock valued at $8,417,000 after purchasing an additional 83,310 shares during the period. Finally, Bailard Inc. raised its position in shares of National Grid by 4.4% in the second quarter. Bailard Inc. now owns 5,116 shares of the utilities provider's stock valued at $291,000 after purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 4.68% of the company's stock.

National Grid Stock Performance

National Grid stock traded down $0.09 during mid-day trading on Thursday, reaching $57.68. The company had a trading volume of 790,963 shares, compared to its average volume of 543,151. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company has a 50 day moving average of $63.52 and a 200-day moving average of $63.48. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.

National Grid Dividend Announcement

The company also recently announced 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. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.

Wall Street Analysts Forecast Growth

NGG has been the subject of a number of research analyst reports. Citigroup lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research report on Wednesday, October 2nd. They set a "buy" rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

National Grid 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.