Mitchell & Pahl Private Wealth LLC Acquires 859 Shares of National Grid plc (NYSE:NGG)

Mitchell & Pahl Private Wealth LLC lifted its holdings in National Grid plc (NYSE:NGG) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,733 shares of the utilities provider’s stock after purchasing an additional 859 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in National Grid were worth $697,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in National Grid in the 3rd quarter valued at $37,000. Eastern Bank bought a new position in shares of National Grid in the 3rd quarter valued at about $42,000. Quantbot Technologies LP acquired a new stake in shares of National Grid in the third quarter valued at about $60,000. Addison Advisors LLC raised its holdings in National Grid by 267.9% during the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in National Grid by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NYSE NGG opened at $59.57 on Tuesday. 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 business’s 50 day moving average price is $60.47 and its two-hundred day moving average price is $63.76. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40.

National Grid Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, November 22nd were issued a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date of this dividend was Friday, November 22nd.

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.