National Grid PLC (NYSE:ngg) announced a dividend on Thursday, November 10th. Shareholders of record on Friday, November 25th will be given a dividend of 0.933 per share on Wednesday, January 11th. The ex-dividend date is Tuesday, November 22nd.

Shares of National Grid PLC (NYSE:NGG) opened at 60.09 on Friday. National Grid PLC has a 52-week low of $58.07 and a 52-week high of $74.97. The stock has a market cap of $45.03 billion, a P/E ratio of 14.04 and a beta of 0.50. The firm’s 50-day moving average price is $66.37 and its 200-day moving average price is $70.44.

Dividend History for National Grid PLC (NYSE:ngg)

A number of brokerages recently commented on NGG. Beaufort Securities reaffirmed a “buy” rating on shares of National Grid PLC in a report on Sunday, August 21st. Royal Bank Of Canada downgraded shares of National Grid PLC from an “outperform” rating to a “sector perform” rating in a report on Friday, July 29th. Zacks Investment Research downgraded shares of National Grid PLC from a “hold” rating to a “sell” rating in a report on Friday, July 15th. Barclays PLC reaffirmed an “overweight” rating on shares of National Grid PLC in a report on Sunday, August 21st. Finally, Sanford C. Bernstein downgraded shares of National Grid PLC from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. National Grid PLC presently has an average rating of “Hold” and a consensus target price of $76.50.

Several institutional investors have recently modified their holdings of NGG. Pinkerton Retirement Specialists LLC bought a new position in shares of National Grid PLC during the second quarter worth approximately $185,000. Jane Street Group LLC bought a new position in shares of National Grid PLC during the second quarter worth approximately $387,000. Cubist Systematic Strategies LLC bought a new position in shares of National Grid PLC during the second quarter worth approximately $448,000. Barclays PLC bought a new position in shares of National Grid PLC during the second quarter worth approximately $186,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of National Grid PLC by 4.1% in the second quarter. Parametric Portfolio Associates LLC now owns 373,861 shares of the company’s stock worth $27,789,000 after buying an additional 14,774 shares during the period. 6.00% of the stock is currently owned by institutional investors and hedge funds.

National Grid PLC Company Profile

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.

5 Day Chart for NYSE:NGG

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