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

Optas LLC boosted its position in National Grid plc (NYSE:NGG) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,866 shares of the utilities provider’s stock after purchasing an additional 1,141 shares during the period. Optas LLC’s holdings in National Grid were worth $467,000 as of its most recent SEC filing.

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

National Grid Stock Performance

NGG stock opened at $61.98 on Tuesday. 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 firm’s fifty day moving average is $60.03 and its 200 day moving average is $63.75. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.

National Grid Dividend Announcement

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

Wall Street Analyst Weigh In

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. Based on data from MarketBeat, the stock has an average 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.