National Grid plc (NYSE:NGG) Position Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in National Grid plc (NYSE:NGG – Get Rating) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,707 shares of the utilities provider’s stock after purchasing an additional 1,646 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in National Grid were worth $586,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NGG. Natixis Advisors L.P. lifted its position in National Grid by 1,034.7% in the fourth quarter. Natixis Advisors L.P. now owns 321,301 shares of the utilities provider’s stock worth $19,381,000 after purchasing an additional 292,984 shares during the period. Goldman Sachs Group Inc. lifted its position in National Grid by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,613,446 shares of the utilities provider’s stock worth $124,025,000 after purchasing an additional 242,081 shares during the period. BNP Paribas Arbitrage SNC acquired a new stake in National Grid in the third quarter worth approximately $4,422,000. Bank of New York Mellon Corp lifted its position in National Grid by 102.8% in the third quarter. Bank of New York Mellon Corp now owns 144,227 shares of the utilities provider’s stock worth $7,431,000 after purchasing an additional 73,114 shares during the period. Finally, Pittenger & Anderson Inc. acquired a new stake in National Grid in the third quarter worth approximately $3,204,000. 3.49% of the stock is currently owned by institutional investors and hedge funds.

National Grid Trading Down 1.7 %

NGG opened at $68.40 on Thursday. The stock has a fifty day moving average of $69.79 and a 200-day moving average of $64.78. National Grid plc has a 12-month low of $47.22 and a 12-month high of $77.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.91 and a current ratio of 1.00.

National Grid Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, June 2nd will be paid a $2.3458 dividend. The ex-dividend date is Thursday, June 1st. This is an increase from National Grid’s previous semi-annual dividend of $2.09. This represents a dividend yield of 4.5%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NGG shares. JPMorgan Chase & Co. increased their price objective on National Grid from GBX 1,150 ($14.30) to GBX 1,275 ($15.86) in a research report on Monday, April 17th. StockNews.com started coverage on National Grid in a research report on Thursday, May 18th. They set a “hold” rating for the company. Credit Suisse Group increased their price objective on National Grid from GBX 1,250 ($15.55) to GBX 1,280 ($15.92) in a research report on Wednesday. Royal Bank of Canada started coverage on National Grid in a research report on Monday, February 13th. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on National Grid from GBX 1,100 ($13.68) to GBX 1,080 ($13.43) in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,183.75.

National Grid Company Profile

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National Grid Plc engages in the transmission and distribution of electricity and gas. It operates through the following segments: UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York. The UK Electricity Transmission segment focuses on the high-voltage electricity transmission networks in England and Wales.