National Grid (NYSE:NGG) Sees Strong Trading Volume

National Grid plc (NYSE:NGGGet Free Report) shares saw an uptick in trading volume on Friday . 256,100 shares were traded during trading, a decline of 38% from the previous session’s volume of 412,593 shares.The stock last traded at $57.45 and had previously closed at $58.09.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, BNP Paribas raised National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,050.00.

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National Grid Stock Performance

The business has a 50 day moving average price of $66.89 and a 200-day moving average price of $66.94. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84.

National Grid Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 7th will be given a $2.4939 dividend. This represents a yield of 6%. This is a positive change from National Grid’s previous semi-annual dividend of $1.19. The ex-dividend date of this dividend is Friday, June 7th.

Institutional Trading of National Grid

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NGG. Private Advisor Group LLC increased its position in National Grid by 20.7% in the 3rd quarter. Private Advisor Group LLC now owns 11,531 shares of the utilities provider’s stock valued at $697,000 after buying an additional 1,981 shares in the last quarter. Barclays PLC increased its holdings in National Grid by 42.0% during the 3rd quarter. Barclays PLC now owns 33,800 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 10,000 shares in the last quarter. Quantbot Technologies LP bought a new stake in National Grid during the 3rd quarter worth approximately $102,000. Keybank National Association OH increased its holdings in National Grid by 4.9% during the 3rd quarter. Keybank National Association OH now owns 3,965 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 184 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in National Grid by 49.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 19,790 shares of the utilities provider’s stock worth $1,200,000 after purchasing an additional 6,547 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

About National Grid

(Get Free Report)

National Grid plc transmits and distributes electricity and gas. The company 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.

Further Reading

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