Atlanta Consulting Group Advisors LLC Buys Shares of 15,281 National Grid plc (NYSE:NGG)

Atlanta Consulting Group Advisors LLC acquired a new stake in shares of National Grid plc (NYSE:NGG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,281 shares of the utilities provider’s stock, valued at approximately $1,065,000.

A number of other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in National Grid in the first quarter valued at about $27,000. Bessemer Group Inc. purchased a new position in shares of National Grid in the 1st quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new stake in National Grid in the 3rd quarter worth approximately $37,000. Eastern Bank purchased a new stake in National Grid during the 3rd quarter worth approximately $42,000. Finally, Rothschild Investment LLC purchased a new stake in National Grid during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

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 assumed coverage on 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

National Grid Stock Up 0.6 %

NGG stock opened at $62.75 on Friday. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The firm’s fifty day simple moving average is $66.92 and its 200-day simple moving average is $64.41. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd will be issued a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.

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.