Beverly Hills Private Wealth LLC raised its position in National Grid plc (NYSE:NGG – Free Report) by 156.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,516 shares of the utilities provider’s stock after acquiring an additional 12,525 shares during the period. Beverly Hills Private Wealth LLC’s holdings in National Grid were worth $1,289,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Fairfield Bush & CO. bought a new position in National Grid in the first quarter valued at $36,000. Tower Research Capital LLC TRC raised its holdings in National Grid by 57.0% during the first quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 240 shares in the last quarter. Penserra Capital Management LLC boosted its position in National Grid by 50.2% during the fourth quarter. Penserra Capital Management LLC now owns 910 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 304 shares during the last quarter. AXA S.A. increased its position in shares of National Grid by 41.0% during the 1st quarter. AXA S.A. now owns 888 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 258 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its stake in shares of National Grid by 57.0% during the 1st quarter. Belpointe Asset Management LLC now owns 1,005 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 4.40% of the company’s stock.
Analysts Set New Price Targets
NGG has been the subject of several analyst reports. Barclays started coverage on shares of National Grid in a research note on Thursday, September 28th. They issued an “overweight” rating for the company. StockNews.com initiated coverage on National Grid in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,176.25.
National Grid Stock Performance
Shares of NGG stock opened at $62.63 on Wednesday. National Grid plc has a 52 week low of $56.40 and a 52 week high of $74.48. The company has a 50-day simple moving average of $61.09 and a 200 day simple moving average of $64.82. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43.
National Grid Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, November 24th will be issued a dividend of $1.1899 per share. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, November 22nd.
National Grid Company 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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