Fmr LLC Has $277.96 Million Stock Holdings in National Grid plc (NYSE:NGG)

Fmr LLC increased its position in National Grid plc (NYSE:NGG) by 77.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,989,726 shares of the utilities provider’s stock after purchasing an additional 1,739,566 shares during the quarter. Fmr LLC owned approximately 0.41% of National Grid worth $277,964,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in National Grid by 15.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,669 shares of the utilities provider’s stock valued at $6,049,000 after buying an additional 11,633 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in National Grid in the 1st quarter valued at $267,000. Cetera Investment Advisers lifted its holdings in National Grid by 87.9% during the 1st quarter. Cetera Investment Advisers now owns 90,133 shares of the utilities provider’s stock valued at $6,149,000 after purchasing an additional 42,172 shares during the last quarter. Cetera Advisors LLC boosted its position in National Grid by 650.4% during the first quarter. Cetera Advisors LLC now owns 42,572 shares of the utilities provider’s stock worth $2,904,000 after purchasing an additional 36,899 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of National Grid by 27.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,141 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 247 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Price Performance

NGG stock opened at $63.68 on Monday. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The company’s 50-day simple moving average is $65.67 and its 200 day simple moving average is $63.91. 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 Dividend Announcement

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 given a dividend of $2.4939 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 4%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NGG shares. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of 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 five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus 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.