Bank of Montreal Can Grows Position in National Grid plc (NYSE:NGG)

Bank of Montreal Can increased its position in shares of National Grid plc (NYSE:NGG) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 553,394 shares of the utilities provider’s stock after buying an additional 16,610 shares during the quarter. Bank of Montreal Can owned about 0.06% of National Grid worth $38,588,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NGG. Price T Rowe Associates Inc. MD grew its stake in National Grid by 15.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,669 shares of the utilities provider’s stock worth $6,049,000 after buying an additional 11,633 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in National Grid during the 1st quarter worth approximately $267,000. Atria Investments Inc grew its stake in National Grid by 19.3% during the 1st quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider’s stock worth $4,183,000 after buying an additional 9,931 shares during the last quarter. Cetera Investment Advisers grew its stake in National Grid by 87.9% during the 1st quarter. Cetera Investment Advisers now owns 90,133 shares of the utilities provider’s stock worth $6,149,000 after buying an additional 42,172 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in National Grid by 650.4% during the 1st quarter. Cetera Advisors LLC now owns 42,572 shares of the utilities provider’s stock worth $2,904,000 after buying an additional 36,899 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Stock Up 0.8 %

National Grid stock opened at $63.33 on Friday. 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 stock has a 50 day moving average of $65.78 and a two-hundred day moving average of $64.07. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40.

National Grid Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NGG shares. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started 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 data from MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

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.