Janus Henderson Group PLC Has $387,000 Stock Holdings in National Grid plc (NYSE:NGG)

Janus Henderson Group PLC boosted its stake in National Grid plc (NYSE:NGG) by 9.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,556 shares of the utilities provider’s stock after buying an additional 475 shares during the period. Janus Henderson Group PLC’s holdings in National Grid were worth $387,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of National Grid during the second quarter worth $37,000. Fortitude Family Office LLC acquired a new stake in National Grid in the 3rd quarter worth about $37,000. Eastern Bank acquired a new stake in National Grid in the 3rd quarter worth about $42,000. Blue Trust Inc. grew its position in shares of National Grid by 778.5% during the 2nd quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 942 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of National Grid during the third quarter worth approximately $60,000. 4.68% of the stock is owned by institutional investors.

National Grid Stock Performance

Shares of National Grid stock opened at $59.63 on Monday. The company’s 50 day moving average price is $64.10 and its two-hundred day moving average price is $63.55. The firm has a market capitalization of $58.27 billion, a P/E ratio of 12.29, a P/E/G ratio of 5.53 and a beta of 0.62. 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 fifty-two week low of $55.13 and a fifty-two week high of $73.40.

National Grid Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd will be issued a $2.4939 dividend. The ex-dividend date is Friday, November 22nd. This represents a yield of 4%. National Grid’s payout ratio is presently 41.44%.

Analyst Ratings Changes

NGG has been the subject of several recent research reports. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.