National Grid plc (NYSE:NGG) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC increased its holdings in shares of National Grid plc (NYSE:NGG) by 46.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,202 shares of the utilities provider’s stock after acquiring an additional 11,402 shares during the period. Pathstone Holdings LLC’s holdings in National Grid were worth $2,522,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ausbil Investment Management Ltd purchased a new position in National Grid during the third quarter worth approximately $62,421,000. Hsbc Holdings PLC raised its stake in shares of National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock worth $36,917,000 after buying an additional 644,553 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of National Grid during the 3rd quarter valued at approximately $38,021,000. Marshall Wace LLP acquired a new stake in National Grid in the 2nd quarter valued at $29,097,000. Finally, International Assets Investment Management LLC purchased a new stake in National Grid in the 3rd quarter worth $12,222,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Performance

National Grid stock opened at $63.26 on Tuesday. The company has a fifty day simple moving average of $66.18 and a 200-day simple moving average of $64.14. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40.

National Grid Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on NGG. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a research note 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About National Grid

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.