Jane Street Group LLC Purchases 15,031 Shares of National Grid plc (NYSE:NGG)

Jane Street Group LLC increased its position in shares of National Grid plc (NYSE:NGG) by 211.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,156 shares of the utilities provider’s stock after purchasing an additional 15,031 shares during the quarter. Jane Street Group LLC’s holdings in National Grid were worth $1,544,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NGG. Moors & Cabot Inc. increased its holdings in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after buying an additional 175 shares in the last quarter. Profund Advisors LLC increased its holdings in National Grid by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 203 shares in the last quarter. Carr Financial Group Corp raised its position in National Grid by 3.9% in the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 205 shares during the last quarter. Concord Wealth Partners boosted its stake in National Grid by 11.2% in the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 206 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of National Grid by 2.0% during the third quarter. Advisors Asset Management Inc. now owns 14,678 shares of the utilities provider’s stock worth $1,023,000 after purchasing an additional 282 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating for the company. Two research 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 presently has a consensus rating of “Moderate Buy”.

National Grid Trading Up 0.1 %

NGG opened at $58.92 on Friday. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The firm has a market cap of $57.58 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 5.49 and a beta of 0.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The firm’s fifty day moving average is $62.69 and its two-hundred day moving average is $63.50.

National Grid Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd will be issued a dividend of $2.4939 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 4%. National Grid’s dividend payout ratio (DPR) is currently 41.61%.

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.