Gradient Investments LLC Has $475,000 Stake in National Grid plc (NYSE:NGG)

Gradient Investments LLC reduced its stake in National Grid plc (NYSE:NGG) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,993 shares of the utilities provider’s stock after selling 211 shares during the period. Gradient Investments LLC’s holdings in National Grid were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moors & Cabot Inc. grew its stake in shares of National Grid by 3.2% in the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 175 shares during the last quarter. Carr Financial Group Corp grew its position in shares of National Grid by 3.9% in the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after buying an additional 205 shares during the last quarter. Concord Wealth Partners grew its position in shares of National Grid by 11.2% in the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after buying an additional 206 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in shares of National Grid by 5.1% in the third quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 242 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Price Performance

Shares of NGG opened at $60.28 on Friday. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The business’s 50 day moving average price is $60.23 and its two-hundred day moving average price is $63.72.

National Grid Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NGG. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

About National Grid

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.