Brucke Financial Inc. purchased a new position in shares of National Grid plc (NYSE:NGG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,681 shares of the utilities provider's stock, valued at approximately $226,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NGG. Oppenheimer & Co. Inc. boosted its stake in shares of National Grid by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock valued at $265,000 after buying an additional 868 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in National Grid in the fourth quarter valued at $239,000. Blue Trust Inc. boosted its position in shares of National Grid by 92.9% during the 4th quarter. Blue Trust Inc. now owns 9,774 shares of the utilities provider's stock worth $581,000 after purchasing an additional 4,707 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of National Grid by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,013 shares of the utilities provider's stock worth $3,863,000 after purchasing an additional 3,186 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of National Grid by 20.0% during the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock worth $62,000 after purchasing an additional 174 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on NGG. BNP Paribas Exane initiated coverage on shares of National Grid in a report on Thursday. They issued an "outperform" rating and a $80.40 price target on the stock. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Royal Bank of Canada downgraded National Grid from an "outperform" rating to a "sector perform" rating in a research report on Wednesday. UBS Group lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of National Grid in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.40.
Check Out Our Latest Stock Report on NGG
National Grid Stock Performance
Shares of NYSE:NGG traded down $1.17 during trading on Friday, hitting $71.40. 785,260 shares of the company traded hands, compared to its average volume of 737,156. National Grid plc has a one year low of $54.24 and a one year high of $74.82. The stock has a market capitalization of $69.86 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.64 and a beta of 0.63. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The business's fifty day moving average is $69.91 and its 200-day moving average is $64.10.
National Grid Cuts Dividend
The company also recently declared a semi-annual dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, May 30th will be issued a dividend of $2.0345 per share. This represents a dividend yield of 4.7%. The ex-dividend date is Friday, May 30th. National Grid's dividend payout ratio (DPR) is 78.08%.
National Grid Company Profile
(
Free Report)
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.
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