National Grid plc (NYSE:NGG) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in shares of National Grid plc (NYSE:NGG) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,826 shares of the utilities provider’s stock after purchasing an additional 1,538 shares during the period. Clearbridge Investments LLC’s holdings in National Grid were worth $6,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NGG. Intrust Bank NA increased its stake in shares of National Grid by 1.8% during the fourth quarter. Intrust Bank NA now owns 16,654 shares of the utilities provider’s stock worth $1,132,000 after purchasing an additional 288 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of National Grid in the fourth quarter valued at approximately $11,446,000. Leo Wealth LLC acquired a new stake in shares of National Grid in the fourth quarter worth approximately $1,431,000. Benjamin F. Edwards & Company Inc. lifted its holdings in National Grid by 383.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,446 shares of the utilities provider’s stock valued at $982,000 after purchasing an additional 11,459 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in National Grid by 11.6% during the 4th quarter. Stifel Financial Corp now owns 247,902 shares of the utilities provider’s stock worth $16,855,000 after purchasing an additional 25,673 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NGG shares. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Monday, June 3rd. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Trading Down 0.1 %

Shares of NGG traded down $0.07 on Thursday, reaching $62.75. The stock had a trading volume of 44,361 shares, compared to its average volume of 552,636. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a 50-day moving average of $60.34 and a 200 day moving average of $64.78. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40.

National Grid Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 7th were paid a dividend of $2.4939 per share. This represents a dividend yield of 6%. The ex-dividend date of this dividend was Friday, June 7th. This is a positive change from National Grid’s previous semi-annual dividend of $1.19.

National Grid Profile

National Grid plc transmits and distributes electricity and gas. The company 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.