Walleye Capital LLC Buys New Holdings in National Grid plc (NYSE:NGG)

Walleye Capital LLC purchased a new position in shares of National Grid plc (NYSE:NGG - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,802 shares of the utilities provider's stock, valued at approximately $962,000.

A number of other institutional investors have also made changes to their positions in NGG. Rothschild Investment LLC acquired a new stake in shares of National Grid during the second quarter worth about $37,000. Fortitude Family Office LLC purchased a new position in shares of National Grid during the 3rd quarter worth approximately $37,000. Eastern Bank purchased a new position in National Grid during the third quarter worth $42,000. Mather Group LLC. raised its stake in National Grid by 89.9% in the 2nd quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 426 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of National Grid by 778.5% in 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 during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Price Performance

NYSE:NGG traded down $1.08 during trading hours on Friday, reaching $61.28. 385,352 shares of the company's stock were exchanged, compared to its average volume of 615,770. The business's 50-day simple moving average is $64.90 and its two-hundred day simple moving average is $63.61. The company has a market capitalization of $59.88 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 5.73 and a beta of 0.62. 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 plc has a 12 month low of $55.13 and a 12 month high of $73.40.

National Grid Announces Dividend

The business 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. This represents a dividend yield of 4%. The ex-dividend date is Friday, November 22nd. National Grid's dividend payout ratio (DPR) is currently 41.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup downgraded shares of National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a report on Wednesday, October 2nd. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, National Grid 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.