865 Shares in National Grid plc (NYSE:NGG) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in National Grid plc (NYSE:NGG) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 865 shares of the utilities provider’s stock, valued at approximately $60,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in National Grid during the 2nd quarter worth about $37,000. Fortitude Family Office LLC acquired a new position in shares of National Grid during the third quarter worth approximately $37,000. Eastern Bank acquired a new position in shares of National Grid during the third quarter worth approximately $42,000. Mather Group LLC. grew its stake in shares of National Grid by 89.9% during the second quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 426 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of National Grid by 778.5% in the second quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Trading Down 1.7 %

Shares of NYSE NGG opened at $61.28 on Friday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The firm has a market capitalization of $59.88 billion, a P/E ratio of 12.64, a P/E/G ratio of 5.73 and a beta of 0.62. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company’s 50 day simple moving average is $64.90 and its 200 day simple moving average is $63.61.

National Grid Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be paid a $2.4939 dividend. This represents a dividend yield of 4%. The ex-dividend date is Friday, November 22nd. National Grid’s dividend payout ratio (DPR) is currently 41.65%.

Analysts Set New Price Targets

Several research firms have issued reports on NGG. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

National Grid 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.