Blue Trust Inc. Acquires 4,707 Shares of National Grid plc (NYSE:NGG)

Blue Trust Inc. raised its stake in shares of National Grid plc (NYSE:NGG) by 92.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,774 shares of the utilities provider’s stock after purchasing an additional 4,707 shares during the period. Blue Trust Inc.’s holdings in National Grid were worth $581,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sei Investments Co. increased its stake in shares of National Grid by 45.4% in the second quarter. Sei Investments Co. now owns 36,662 shares of the utilities provider’s stock valued at $2,082,000 after buying an additional 11,445 shares during the period. Sanctuary Advisors LLC acquired a new stake in National Grid during the 2nd quarter valued at approximately $1,558,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in National Grid during the 2nd quarter valued at approximately $1,096,000. GAMMA Investing LLC raised its holdings in National Grid by 45.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 314 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of National Grid by 6.2% in the 3rd quarter. Fulton Bank N.A. now owns 37,110 shares of the utilities provider’s stock worth $2,585,000 after purchasing an additional 2,158 shares during the period. 4.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

NYSE NGG opened at $61.70 on Friday. The business has a 50 day simple moving average of $60.10 and a 200 day simple moving average of $63.73. 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 one year low of $55.13 and a one year high of $73.40.

National Grid Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd were given 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.

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.