Bbva Compass Bancshares Inc. Has $2,082,000 Position in National Grid PLC (NGG)
Bbva Compass Bancshares Inc. lowered its stake in shares of National Grid PLC (NYSE:NGG) by 12.6% during the third quarter, Holdings Channel reports. The institutional investor owned 29,289 shares of the company’s stock after selling 4,229 shares during the period. Bbva Compass Bancshares Inc.’s holdings in National Grid PLC were worth $2,082,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Cambiar Investors LLC boosted its stake in National Grid PLC by 4.4% in the second quarter. Cambiar Investors LLC now owns 2,183,030 shares of the company’s stock valued at $162,265,000 after buying an additional 92,346 shares during the last quarter. Raymond James & Associates boosted its stake in shares of National Grid PLC by 7.9% in the second quarter. Raymond James & Associates now owns 1,884,654 shares of the company’s stock valued at $140,086,000 after buying an additional 137,687 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of National Grid PLC by 1.8% in the third quarter. Wells Fargo & Company MN now owns 1,791,772 shares of the company’s stock valued at $127,414,000 after buying an additional 31,014 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of National Grid PLC by 26.0% in the second quarter. Ameriprise Financial Inc. now owns 1,713,780 shares of the company’s stock valued at $128,144,000 after buying an additional 353,866 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in shares of National Grid PLC by 6.6% in the second quarter. Hennessy Advisors Inc. now owns 1,070,558 shares of the company’s stock valued at $79,575,000 after buying an additional 66,500 shares in the last quarter. 5.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of National Grid PLC (NYSE:NGG) traded down 2.16% during mid-day trading on Wednesday, hitting $57.07. 777,350 shares of the stock were exchanged. National Grid PLC has a 12 month low of $57.05 and a 12 month high of $74.97. The company has a 50-day moving average price of $62.39 and a 200-day moving average price of $69.20. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of 17.04 and a beta of 0.50.
The firm also recently announced a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Friday, November 25th will be given a dividend of $0.933 per share. The ex-dividend date is Tuesday, November 22nd.
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Several brokerages recently weighed in on NGG. Citigroup Inc. restated a “neutral” rating on shares of National Grid PLC in a research report on Wednesday, August 3rd. Beaufort Securities restated a “buy” rating on shares of National Grid PLC in a research report on Sunday, August 21st. Zacks Investment Research upgraded shares of National Grid PLC from a “sell” rating to a “hold” rating in a research report on Saturday, September 10th. Sanford C. Bernstein cut shares of National Grid PLC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 7th. Finally, Barclays PLC restated an “overweight” rating on shares of National Grid PLC in a research report on Sunday, August 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $76.50.
About National Grid PLC
National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.
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