Cerity Partners LLC Raises Holdings in National Grid plc (NYSE:NGG)

Cerity Partners LLC raised its holdings in shares of National Grid plc (NYSE:NGG) by 105.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 35,159 shares of the utilities provider’s stock after buying an additional 18,081 shares during the quarter. Cerity Partners LLC’s holdings in National Grid were worth $2,450,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. lifted its holdings in National Grid by 3.2% during the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after buying an additional 175 shares in the last quarter. Profund Advisors LLC boosted its holdings in National Grid by 3.0% in the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 203 shares in the last quarter. Carr Financial Group Corp grew its position in National Grid by 3.9% during the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 205 shares during the last quarter. Concord Wealth Partners grew its holdings in shares of National Grid by 11.2% during the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after buying an additional 206 shares during the last quarter. Finally, Bailard Inc. increased its holdings in shares of National Grid by 4.4% in the second quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 217 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Trading Up 0.6 %

NYSE NGG opened at $63.68 on Monday. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The business’s fifty day simple moving average is $65.67 and its 200-day simple moving average is $63.91. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

National Grid Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be given a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NGG. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating for the company. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a research note 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.