Strategic Investment Advisors MI grew its holdings in shares of National Grid plc (NYSE:NGG) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,173 shares of the utilities provider’s stock after purchasing an additional 485 shares during the quarter. Strategic Investment Advisors MI’s holdings in National Grid were worth $289,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in NGG. Orrstown Financial Services Inc. purchased a new stake in shares of National Grid during the first quarter worth approximately $26,000. Riverview Trust Co acquired a new position in National Grid in the first quarter valued at approximately $26,000. Private Capital Group LLC boosted its holdings in National Grid by 136.8% in the first quarter. Private Capital Group LLC now owns 540 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 312 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in National Grid in the fourth quarter valued at approximately $33,000. Finally, CWM LLC boosted its holdings in National Grid by 179.3% in the first quarter. CWM LLC now owns 676 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 434 shares in the last quarter. 5.67% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on NGG shares. Barclays started coverage on National Grid in a report on Wednesday, January 30th. They issued an “overweight” rating for the company. Royal Bank of Canada raised National Grid from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 6th. Finally, Zacks Investment Research raised National Grid from a “sell” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Wednesday, February 13th.
Shares of National Grid stock traded up $0.53 during trading hours on Friday, hitting $51.79. 470,600 shares of the company were exchanged, compared to its average volume of 588,567. National Grid plc has a 1 year low of $46.36 and a 1 year high of $59.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $35.07 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 9.95 and a beta of 0.43.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Friday, May 31st will be given a $2.0256 dividend. The ex-dividend date is Thursday, May 30th. National Grid’s payout ratio is 54.83%.
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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