Ballentine Partners LLC Grows Position in National Grid plc (NYSE:NGG)

Ballentine Partners LLC raised its stake in shares of National Grid plc (NYSE:NGG) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,547 shares of the utilities provider’s stock after acquiring an additional 1,054 shares during the period. Ballentine Partners LLC’s holdings in National Grid were worth $389,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new position in National Grid during the third quarter worth about $37,000. Eastern Bank purchased a new stake in shares of National Grid during the third quarter valued at approximately $42,000. Quantbot Technologies LP bought a new stake in National Grid during the third quarter worth $60,000. Addison Advisors LLC boosted its position in National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 718 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in National Grid by 45.4% in the 3rd 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 period. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Performance

Shares of NYSE NGG opened at $60.72 on Friday. The business’s fifty day moving average price is $60.31 and its 200-day moving average price is $63.75. National Grid plc has a one year low of $55.13 and a one year high of $73.40. 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 Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NGG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.