Benjamin Edwards Inc. Buys Shares of 18,290 National Grid plc (NYSE:NGG)

Benjamin Edwards Inc. purchased a new position in National Grid plc (NYSE:NGG) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 18,290 shares of the utilities provider’s stock, valued at approximately $1,274,000.

A number of other large investors also recently modified their holdings of the business. Moors & Cabot Inc. lifted its holdings in National Grid by 3.2% in the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 175 shares during the period. Profund Advisors LLC lifted its stake in shares of National Grid by 3.0% in 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 shares of National Grid by 3.9% in the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after acquiring an additional 205 shares during the period. Concord Wealth Partners boosted its holdings in shares of National Grid by 11.2% in the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after acquiring an additional 206 shares in the last quarter. Finally, Bailard Inc. increased its stake in shares of National Grid by 4.4% during the second quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 217 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Trading Up 0.3 %

NGG opened at $62.36 on Friday. The stock has a fifty day moving average of $65.07 and a 200-day moving average of $63.75. 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 12-month low of $55.13 and a 12-month 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. Investors of record on Friday, November 22nd will be paid a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They issued a “buy” rating for the company. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.