National Grid plc (NYSE:NGG) Stock Position Reduced by LongView Wealth Management

LongView Wealth Management reduced its holdings in National Grid plc (NYSE:NGG) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,730 shares of the utilities provider’s stock after selling 211 shares during the quarter. LongView Wealth Management’s holdings in National Grid were worth $281,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers increased its position in National Grid by 8.9% in the second quarter. Rhumbline Advisers now owns 16,834 shares of the utilities provider’s stock worth $956,000 after buying an additional 1,381 shares during the period. Moors & Cabot Inc. lifted its position in National Grid by 4.8% in the 2nd quarter. Moors & Cabot Inc. now owns 5,425 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 247 shares during the last quarter. Hsbc Holdings PLC boosted its stake in National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock valued at $36,917,000 after purchasing an additional 644,553 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in National Grid by 11.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 18,202 shares of the utilities provider’s stock worth $1,034,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of National Grid by 28.6% in the second quarter. Pacer Advisors Inc. now owns 8,284 shares of the utilities provider’s stock valued at $471,000 after purchasing an additional 1,840 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Up 0.7 %

NGG opened at $59.57 on Friday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The business has a 50 day moving average price of $60.55 and a two-hundred day moving average price of $63.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

National Grid Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 4%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NGG. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.