GAMMA Investing LLC Grows Stock Position in National Grid plc (NYSE:NGG)

GAMMA Investing LLC boosted its position in National Grid plc (NYSE:NGG) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,229 shares of the utilities provider’s stock after buying an additional 224 shares during the period. GAMMA Investing LLC’s holdings in National Grid were worth $73,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pathstone Holdings LLC boosted its holdings in shares of National Grid by 46.0% in the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after acquiring an additional 11,402 shares in the last quarter. XTX Topco Ltd acquired a new stake in National Grid in the third quarter valued at about $1,624,000. Natixis Advisors LLC boosted its holdings in National Grid by 51.9% in the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after purchasing an additional 38,123 shares in the last quarter. National Bank of Canada FI increased its position in National Grid by 351.1% during the 3rd quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after purchasing an additional 161,204 shares during the period. Finally, Icon Wealth Advisors LLC raised its stake in shares of National Grid by 1,620.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after buying an additional 36,243 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NGG. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NYSE:NGG opened at $56.09 on Friday. The firm has a market capitalization of $54.81 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 5.49 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. The business’s 50 day simple moving average is $61.13 and its 200-day simple moving average is $63.70. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40.

National Grid Announces Dividend

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 given a dividend of $2.4939 per share. The ex-dividend date is Friday, November 22nd. This represents a yield of 4%. National Grid’s payout ratio is 41.61%.

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.