Transamerica Financial Advisors Inc. Has $141,000 Stake in National Grid plc (NYSE:NGG)

Transamerica Financial Advisors Inc. increased its holdings in shares of National Grid plc (NYSE:NGG) by 202,300.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,024 shares of the utilities provider’s stock after purchasing an additional 2,023 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in National Grid were worth $141,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in National Grid by 77.3% in the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after acquiring an additional 1,739,566 shares during the last quarter. Ausbil Investment Management Ltd acquired a new stake in National Grid in the third quarter valued at $62,421,000. Hsbc Holdings PLC lifted its stake in National Grid by 11,704.2% in the second quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock valued at $36,917,000 after acquiring an additional 644,553 shares during the last quarter. Bank of Montreal Can lifted its stake in National Grid by 3.1% in the third quarter. Bank of Montreal Can now owns 553,394 shares of the utilities provider’s stock valued at $38,588,000 after acquiring an additional 16,610 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in National Grid in the third quarter valued at $38,021,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Up 0.8 %

NGG stock opened at $63.35 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The company’s 50-day moving average price is $65.89 and its two-hundred day moving average price is $64.07.

National Grid Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on NGG. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, National Grid 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.