180 Wealth Advisors LLC boosted its stake in shares of National Grid plc (NYSE:NGG – Free Report) by 7.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,364 shares of the utilities provider’s stock after acquiring an additional 389 shares during the quarter. 180 Wealth Advisors LLC’s holdings in National Grid were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of National Grid in the 1st quarter valued at approximately $36,000. Tower Research Capital LLC TRC lifted its holdings in shares of National Grid by 57.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider’s stock valued at $45,000 after buying an additional 240 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of National Grid in the 3rd quarter valued at approximately $52,000. Penserra Capital Management LLC lifted its holdings in shares of National Grid by 50.2% in the 4th quarter. Penserra Capital Management LLC now owns 910 shares of the utilities provider’s stock valued at $54,000 after buying an additional 304 shares during the period. Finally, AXA S.A. lifted its holdings in shares of National Grid by 41.0% in the 1st quarter. AXA S.A. now owns 888 shares of the utilities provider’s stock valued at $60,000 after buying an additional 258 shares during the period. 4.40% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NGG has been the subject of several recent analyst reports. UBS Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Deutsche Bank Aktiengesellschaft raised National Grid from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays began coverage on National Grid in a research note on Thursday, September 28th. They issued an “overweight” rating for the company. Finally, StockNews.com began coverage on National Grid in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Grid has an average rating of “Moderate Buy” and a consensus target price of $1,176.25.
National Grid Price Performance
NYSE NGG opened at $66.24 on Thursday. National Grid plc has a fifty-two week low of $56.40 and a fifty-two week high of $74.48. The business has a fifty day moving average of $66.72 and a 200-day moving average of $64.24. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82.
National Grid Cuts Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 11th. Investors of record on Friday, November 24th were paid a $1.1899 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a yield of 5.8%.
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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