5,319 Shares in National Grid plc (NYSE:NGG) Purchased by Keynote Financial Services LLC

Keynote Financial Services LLC bought a new position in shares of National Grid plc (NYSE:NGG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,319 shares of the utilities provider’s stock, valued at approximately $363,000.

Other institutional investors have also recently made changes to their positions in the company. RFP Financial Group LLC grew its position in shares of National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of National Grid during the first quarter worth about $27,000. Richardson Financial Services Inc. purchased a new stake in shares of National Grid during the first quarter worth about $28,000. Bessemer Group Inc. purchased a new stake in shares of National Grid during the first quarter worth about $29,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of National Grid during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NGG. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. The Goldman Sachs Group upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

National Grid Stock Up 2.2 %

NYSE NGG traded up $1.41 during trading on Friday, hitting $65.08. 1,171,428 shares of the stock traded hands, compared to its average volume of 832,188. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The firm has a 50-day simple moving average of $59.58 and a 200-day simple moving average of $64.55. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91.

National Grid Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 7th were given a dividend of $2.4939 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a dividend yield of 6%. This is an increase from National Grid’s previous semi-annual dividend of $1.19.

National Grid Profile

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.