Stephens Inc. AR boosted its position in National Grid plc (NYSE:NGG) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,107 shares of the utilities provider’s stock after buying an additional 1,776 shares during the quarter. Stephens Inc. AR’s holdings in National Grid were worth $6,547,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in National Grid by 28.8% during the fourth quarter. FMR LLC now owns 4,189 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 936 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of National Grid by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 401,172 shares of the utilities provider’s stock valued at $19,248,000 after purchasing an additional 21,398 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of National Grid by 58.2% in the first quarter. Virtu Financial LLC now owns 9,943 shares of the utilities provider’s stock valued at $555,000 after purchasing an additional 3,656 shares in the last quarter. BTIM Corp. increased its holdings in shares of National Grid by 3.3% in the first quarter. BTIM Corp. now owns 81,310 shares of the utilities provider’s stock valued at $4,541,000 after purchasing an additional 2,625 shares in the last quarter. Finally, Saratoga Research & Investment Management acquired a new stake in shares of National Grid in the first quarter valued at approximately $211,000. 5.70% of the stock is owned by hedge funds and other institutional investors.
NYSE NGG traded up $1.10 during trading hours on Thursday, reaching $51.48. 31,841 shares of the company were exchanged, compared to its average volume of 409,116. National Grid plc has a 1 year low of $46.36 and a 1 year high of $59.01. The firm has a 50 day simple moving average of $52.34. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market cap of $34.73 billion, a PE ratio of 13.44, a P/E/G ratio of 9.87 and a beta of 0.46.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, August 14th. Investors of record on Friday, May 31st were issued a dividend of $2.0256 per share. The ex-dividend date was Thursday, May 30th. National Grid’s dividend payout ratio (DPR) is presently 104.70%.
A number of analysts recently weighed in on NGG shares. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Friday, June 14th. Macquarie started coverage on shares of National Grid in a research note on Monday, June 17th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. National Grid currently has a consensus rating of “Buy” and a consensus price target of $61.00.
National Grid Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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