National Grid plc (NYSE:NGG) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in shares of National Grid plc (NYSE:NGG) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,969 shares of the utilities provider’s stock after purchasing an additional 242 shares during the period. Coldstream Capital Management Inc.’s holdings in National Grid were worth $346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new position in shares of National Grid during the third quarter valued at $37,000. Eastern Bank acquired a new position in National Grid during the 3rd quarter valued at about $42,000. Rothschild Investment LLC bought a new stake in shares of National Grid during the 2nd quarter worth about $37,000. Quantbot Technologies LP acquired a new stake in shares of National Grid in the 3rd quarter worth approximately $60,000. Finally, Addison Advisors LLC boosted its holdings in shares of National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 718 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NGG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Stock Up 0.3 %

NYSE NGG opened at $59.63 on Monday. The company has a market capitalization of $58.27 billion, a P/E ratio of 12.29, a PEG ratio of 5.53 and a beta of 0.62. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. 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 company’s 50 day simple moving average is $64.10 and its 200 day simple moving average is $63.55.

National Grid Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, November 22nd. This represents a dividend yield of 4%. National Grid’s dividend payout ratio (DPR) is presently 41.44%.

National Grid Company 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.