National Grid plc (NYSE:NGG) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC cut its position in shares of National Grid plc (NYSE:NGG) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,131 shares of the utilities provider’s stock after selling 785 shares during the period. Jeppson Wealth Management LLC’s holdings in National Grid were worth $602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NGG. FMR LLC raised its holdings in National Grid by 77.3% in the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after buying an additional 1,739,566 shares during the period. Merewether Investment Management LP acquired a new stake in shares of National Grid in the third quarter worth $66,535,000. Ausbil Investment Management Ltd purchased a new position in shares of National Grid in the 3rd quarter valued at $62,421,000. Mediolanum International Funds Ltd acquired a new position in shares of National Grid during the 3rd quarter valued at $38,021,000. Finally, International Assets Investment Management LLC purchased a new stake in National Grid during the 3rd quarter worth $12,222,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Trading Up 2.0 %

Shares of NGG stock opened at $61.48 on Tuesday. 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 company’s fifty day moving average price is $60.23 and its two-hundred day moving average price is $63.76. 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 of this dividend was Friday, November 22nd.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, National Grid currently has an average rating of “Moderate Buy”.

National Grid 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.