Quantinno Capital Management LP Has $3.99 Million Holdings in National Grid plc (NYSE:NGG)

Quantinno Capital Management LP boosted its holdings in National Grid plc (NYSE:NGG - Free Report) by 364.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 57,256 shares of the utilities provider's stock after buying an additional 44,926 shares during the period. Quantinno Capital Management LP's holdings in National Grid were worth $3,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of National Grid by 77.3% during the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after purchasing an additional 1,739,566 shares in the last quarter. Merewether Investment Management LP purchased a new position in shares of National Grid during the 3rd quarter valued at approximately $66,535,000. Ausbil Investment Management Ltd acquired a new position in National Grid during the 3rd quarter worth $62,421,000. Hsbc Holdings PLC grew its position in shares of National Grid by 11,704.2% in the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider's stock worth $36,917,000 after acquiring an additional 644,553 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in National Grid during the third quarter worth about $38,021,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Trading Up 0.5 %

Shares of NGG traded up $0.30 during midday trading on Monday, reaching $61.58. The stock had a trading volume of 537,504 shares, compared to its average volume of 537,042. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The firm's 50 day moving average price is $64.90 and its 200-day moving average price is $63.55. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Announces Dividend

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

Analyst Ratings Changes

NGG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a report on Wednesday, October 2nd. They set a "buy" rating on the stock. Citigroup cut shares of National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company 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.