AMG National Trust Bank Buys New Shares in National Grid plc (NYSE:NGG)

AMG National Trust Bank bought a new position in shares of National Grid plc (NYSE:NGG) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,100 shares of the utilities provider’s stock, valued at approximately $1,122,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Profund Advisors LLC lifted its holdings in shares of National Grid by 3.0% during the 2nd 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 lifted its stake in National Grid by 3.9% during the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 205 shares during the period. Concord Wealth Partners boosted its holdings in National Grid by 11.2% during the third 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 in the last quarter. Bailard Inc. grew its stake in shares of National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 217 shares during the period. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of National Grid by 26.0% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,082 shares of the utilities provider’s stock worth $61,000 after buying an additional 223 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on NGG shares. Citigroup downgraded shares of 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 report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

National Grid Stock Up 1.1 %

National Grid stock opened at $63.58 on Wednesday. The business has a 50-day moving average of $66.69 and a 200-day moving average of $64.32. 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 plc has a 1 year low of $55.13 and a 1 year high of $73.40.

National Grid Dividend Announcement

The firm also recently disclosed 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. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.

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.