Optas LLC Acquires 1,141 Shares of National Grid plc (NYSE:NGG)

Optas LLC increased its holdings in shares of National Grid plc (NYSE:NGG) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,866 shares of the utilities provider’s stock after purchasing an additional 1,141 shares during the quarter. Optas LLC’s holdings in National Grid were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in shares of National Grid during the 3rd quarter valued at about $37,000. Eastern Bank purchased a new stake in National Grid in the third quarter worth approximately $42,000. Quantbot Technologies LP bought a new stake in National Grid in the 3rd quarter worth approximately $60,000. Addison Advisors LLC boosted its stake in shares of National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock worth $69,000 after buying an additional 718 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in National Grid by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 314 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

National Grid Trading Up 0.9 %

NGG opened at $61.98 on Tuesday. The stock has a 50-day moving average of $60.03 and a 200 day moving average of $63.75. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40.

National Grid Announces Dividend

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

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.