Gilman Hill Asset Management LLC Lowers Stock Position in National Grid plc (NYSE:NGG)

Gilman Hill Asset Management LLC reduced its position in National Grid plc (NYSE:NGG) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,103 shares of the utilities provider’s stock after selling 2,716 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in National Grid were worth $2,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in shares of National Grid by 8.9% in the 2nd quarter. Rhumbline Advisers now owns 16,834 shares of the utilities provider’s stock valued at $956,000 after purchasing an additional 1,381 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in National Grid by 11.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,202 shares of the utilities provider’s stock valued at $1,034,000 after buying an additional 1,889 shares in the last quarter. Pacer Advisors Inc. grew its stake in National Grid by 28.6% during the second quarter. Pacer Advisors Inc. now owns 8,284 shares of the utilities provider’s stock worth $471,000 after buying an additional 1,840 shares during the period. Sei Investments Co. increased its position in shares of National Grid by 45.4% in the second quarter. Sei Investments Co. now owns 36,662 shares of the utilities provider’s stock worth $2,082,000 after acquiring an additional 11,445 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of National Grid by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.7 %

National Grid stock opened at $59.57 on Monday. 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 price is $60.47 and its 200 day moving average price is $63.73. 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. Investors of record on Friday, November 22nd were paid a $2.4939 dividend. This represents a dividend yield of 4%. The ex-dividend date was Friday, November 22nd.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NGG. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.