Commonwealth Equity Services LLC boosted its position in shares of National Grid plc (NYSE:NGG) by 4.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,166 shares of the utilities provider’s stock after buying an additional 4,548 shares during the period. Commonwealth Equity Services LLC’s holdings in National Grid were worth $5,984,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Creative Planning boosted its holdings in shares of National Grid by 16.5% in the 4th quarter. Creative Planning now owns 16,499 shares of the utilities provider’s stock worth $792,000 after buying an additional 2,338 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of National Grid in the 4th quarter worth about $426,000. Argent Trust Co purchased a new position in shares of National Grid in the 4th quarter worth about $735,000. Enlightenment Research LLC purchased a new position in shares of National Grid in the 4th quarter worth about $77,000. Finally, Comerica Bank raised its stake in National Grid by 7.9% in the 4th quarter. Comerica Bank now owns 55,885 shares of the utilities provider’s stock valued at $2,980,000 after acquiring an additional 4,109 shares during the period. Hedge funds and other institutional investors own 5.70% of the company’s stock.
Separately, Zacks Investment Research cut National Grid from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th.
Shares of NGG opened at $52.13 on Thursday. National Grid plc has a twelve month low of $46.36 and a twelve month high of $59.01. The stock has a market cap of $35.18 billion, a PE ratio of 13.61, a P/E/G ratio of 10.06 and a beta of 0.43. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Friday, May 31st will be given a dividend of $2.0256 per share. The ex-dividend date of this dividend is Thursday, May 30th. National Grid’s dividend payout ratio is presently 104.70%.
National Grid 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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