National Grid plc (NYSE:NGG) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC boosted its position in National Grid plc (NYSE:NGG) by 211.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,156 shares of the utilities provider’s stock after purchasing an additional 15,031 shares during the period. Jane Street Group LLC’s holdings in National Grid were worth $1,544,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after purchasing an additional 1,739,566 shares in the last quarter. Merewether Investment Management LP acquired a new stake in National Grid during the third quarter valued at approximately $66,535,000. Ausbil Investment Management Ltd bought a new stake in National Grid during the third quarter worth approximately $62,421,000. Hsbc Holdings PLC grew its position 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 worth $36,917,000 after buying an additional 644,553 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of 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 buying an additional 16,610 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Price Performance

Shares of National Grid stock opened at $58.92 on Friday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The firm has a fifty day simple moving average of $62.69 and a 200-day simple moving average of $63.50. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $57.58 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 5.49 and a beta of 0.62.

National Grid Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be issued a dividend of $2.4939 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 4%. National Grid’s dividend payout ratio (DPR) is presently 41.61%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NGG. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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.