Raymond James Trust N.A. Has $1.21 Million Stock Position in National Grid plc (NYSE:NGG)

Raymond James Trust N.A. boosted its stake in shares of National Grid plc (NYSE:NGG) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,334 shares of the utilities provider’s stock after buying an additional 910 shares during the period. Raymond James Trust N.A.’s holdings in National Grid were worth $1,208,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NGG. Ausbil Investment Management Ltd bought a new position in shares of National Grid during the 3rd quarter worth approximately $62,421,000. Hsbc Holdings PLC grew its stake in shares of National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock worth $36,917,000 after acquiring an additional 644,553 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of National Grid in the third quarter valued at $38,021,000. Bank of Montreal Can grew its stake in shares of National Grid by 20.3% in the second quarter. Bank of Montreal Can now owns 536,784 shares of the utilities provider’s stock valued at $31,005,000 after buying an additional 90,722 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in National Grid during the second quarter worth $29,097,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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. Citigroup downgraded 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 given a buy rating to the company’s stock. According to data from MarketBeat, National Grid has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

NGG opened at $63.11 on Monday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The stock has a fifty day moving average of $66.32 and a 200-day moving average of $64.19.

National Grid Dividend Announcement

The business also recently declared 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 is Friday, November 22nd.

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.