Moors & Cabot Inc. Grows Stock Position in National Grid plc (NYSE:NGG)

Moors & Cabot Inc. lifted its stake in National Grid plc (NYSE:NGG) by 3.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,600 shares of the utilities provider’s stock after buying an additional 175 shares during the quarter. Moors & Cabot Inc.’s holdings in National Grid were worth $390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new stake in shares of National Grid during the 1st quarter worth approximately $29,000. Rothschild Investment LLC purchased a new stake in National Grid during the second quarter worth $37,000. Fortitude Family Office LLC acquired a new stake in National Grid during the third quarter valued at $37,000. Eastern Bank purchased a new position in National Grid in the third quarter valued at $42,000. Finally, Mather Group LLC. raised its position in shares of National Grid by 89.9% in the second quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 426 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on NGG. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

NGG stock opened at $63.11 on Friday. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The firm’s 50 day moving average price is $66.32 and its 200-day moving average price is $64.23. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, November 22nd will be issued a $2.4939 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 4%.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It 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.