Raymond James Trust N.A. Buys 910 Shares of National Grid plc (NYSE:NGG)

Raymond James Trust N.A. boosted its stake in National Grid plc (NYSE:NGG) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,334 shares of the utilities provider’s stock after acquiring an additional 910 shares during the period. Raymond James Trust N.A.’s holdings in National Grid were worth $1,208,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NGG. Ausbil Investment Management Ltd bought a new stake in National Grid in the third quarter valued at approximately $62,421,000. Hsbc Holdings PLC boosted its holdings in National Grid by 11,704.2% in the second quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock valued at $36,917,000 after acquiring an additional 644,553 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in National Grid in the third quarter valued at approximately $38,021,000. Marshall Wace LLP bought a new stake in National Grid in the second quarter valued at approximately $29,097,000. Finally, International Assets Investment Management LLC bought a new stake in National Grid in the third quarter valued at approximately $12,222,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Trading Up 0.0 %

Shares of NGG stock opened at $63.11 on Monday. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $66.32 and a 200-day moving average of $64.19.

National Grid Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NGG. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, National Grid currently has an average 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.