Walleye Capital LLC Buys Shares of 13,802 National Grid plc (NYSE:NGG)

Walleye Capital LLC bought a new stake in National Grid plc (NYSE:NGG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,802 shares of the utilities provider’s stock, valued at approximately $962,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC lifted its holdings in shares of National Grid by 46.0% during the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after acquiring an additional 11,402 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of National Grid by 1,620.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after acquiring an additional 36,243 shares during the period. Natixis Advisors LLC lifted its holdings in shares of National Grid by 51.9% during the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after acquiring an additional 38,123 shares during the period. Gradient Investments LLC lifted its holdings in shares of National Grid by 8,101.0% during the 2nd quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 8,182 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of National Grid during the 3rd quarter worth about $566,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Price Performance

NYSE NGG opened at $61.28 on Friday. The company’s fifty day simple moving average is $65.07 and its 200-day simple moving average is $63.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.

National Grid Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, November 22nd. This represents a yield of 4%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NGG shares. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, National Grid presently 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.