Beverly Hills Private Wealth LLC lifted its holdings in National Grid plc (NYSE:NGG – Free Report) by 156.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,516 shares of the utilities provider’s stock after purchasing an additional 12,525 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in National Grid were worth $1,289,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers increased its holdings in National Grid by 19.1% during the 2nd quarter. Cetera Investment Advisers now owns 44,055 shares of the utilities provider’s stock worth $2,966,000 after purchasing an additional 7,069 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of National Grid by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 658,824 shares of the utilities provider’s stock worth $44,359,000 after purchasing an additional 13,163 shares in the last quarter. Altfest L J & Co. Inc. acquired a new position in National Grid during the second quarter worth $200,000. Highland Capital Management LLC lifted its position in National Grid by 4.4% during the 2nd quarter. Highland Capital Management LLC now owns 16,503 shares of the utilities provider’s stock worth $1,111,000 after buying an additional 700 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of National Grid during the 2nd quarter worth about $308,000. Institutional investors own 4.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on NGG. StockNews.com began coverage on National Grid in a report on Thursday, October 5th. They set a “hold” rating on the stock. Barclays started coverage on shares of National Grid in a research note on Thursday, September 28th. They issued an “overweight” rating for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,176.25.
National Grid Trading Up 2.9 %
NGG opened at $62.63 on Wednesday. The stock’s fifty day simple moving average is $61.09 and its 200 day simple moving average is $64.82. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93. National Grid plc has a 1-year low of $56.40 and a 1-year high of $74.48.
National Grid Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, November 24th will be issued a $1.1899 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a yield of 5.8%.
National Grid Profile
National Grid plc transmits and distributes electricity and gas. The company 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.
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