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

Pathstone Holdings LLC grew its holdings in National Grid plc (NYSE:NGG) by 46.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,202 shares of the utilities provider’s stock after acquiring an additional 11,402 shares during the quarter. Pathstone Holdings LLC’s holdings in National Grid were worth $2,522,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. acquired a new position in National Grid during the 1st quarter valued at approximately $29,000. Rothschild Investment LLC purchased a new position in National Grid in the 2nd quarter worth $37,000. Fortitude Family Office LLC acquired a new stake in National Grid during the 3rd quarter worth about $37,000. Eastern Bank purchased a new stake in National Grid during the 3rd quarter valued at about $42,000. Finally, Mather Group LLC. increased its holdings in shares of National Grid by 89.9% in the second quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.2 %

Shares of NGG opened at $63.26 on Tuesday. The stock’s 50-day moving average price is $66.18 and its 200-day moving average price is $64.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.

National Grid Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Company 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.