National Grid (NYSE:NGG) Sees Strong Trading Volume – Should You Buy?

National Grid plc (NYSE:NGG) shares saw strong trading volume on Tuesday . 544,761 shares traded hands during trading, an increase of 1% from the previous session’s volume of 537,498 shares.The stock last traded at $62.89 and had previously closed at $63.26.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, National Grid has an average rating of “Moderate Buy”.

National Grid Stock Down 0.9 %

The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $66.18 and a two-hundred day moving average price of $64.14.

National Grid Announces Dividend

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

Institutional Trading of National Grid

Institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. bought a new position in shares of National Grid during the first quarter worth approximately $29,000. Rothschild Investment LLC bought a new position in shares of National Grid during the second quarter worth approximately $37,000. Fortitude Family Office LLC bought a new position in shares of National Grid during the third quarter worth approximately $37,000. Eastern Bank bought a new position in shares of National Grid during the third quarter worth approximately $42,000. Finally, Mather Group LLC. increased its stake in shares of National Grid by 89.9% during the second quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 426 shares during the period. Institutional investors own 4.68% of the company’s stock.

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.