Quantbot Technologies LP Takes Position in National Grid plc (NYSE:NGG)

Quantbot Technologies LP acquired a new position in shares of National Grid plc (NYSE:NGG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 865 shares of the utilities provider’s stock, valued at approximately $60,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. lifted its holdings in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after buying an additional 175 shares during the last quarter. Profund Advisors LLC increased its position in National Grid by 3.0% during the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 203 shares during the period. Carr Financial Group Corp raised its stake in National Grid by 3.9% during the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 205 shares during the last quarter. Concord Wealth Partners boosted its holdings in National Grid by 11.2% in the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 206 shares during the period. Finally, Bailard Inc. grew its position in National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Performance

NYSE NGG opened at $61.28 on Friday. National Grid plc has a twelve month low of $55.13 and a twelve month 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. The stock has a market cap of $59.88 billion, a P/E ratio of 12.64, a PEG ratio of 5.73 and a beta of 0.62. The company’s 50-day simple moving average is $64.90 and its 200 day simple moving average is $63.61.

National Grid Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be issued a $2.4939 dividend. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 4%. National Grid’s payout ratio is presently 41.65%.

Wall Street Analyst Weigh In

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