HB Wealth Management LLC Takes Position in National Grid plc (NYSE:NGG)

HB Wealth Management LLC bought a new stake in National Grid plc (NYSE:NGG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,431 shares of the utilities provider's stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of National Grid during the third quarter worth about $37,000. Eastern Bank acquired a new stake in National Grid during the 3rd quarter valued at approximately $42,000. Quantbot Technologies LP purchased a new stake in shares of National Grid in the 3rd quarter valued at $60,000. Addison Advisors LLC increased its stake in shares of National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider's stock worth $69,000 after acquiring an additional 718 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of National Grid by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider's stock worth $70,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a "buy" rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

National Grid Stock Down 0.7 %

National Grid stock traded down $0.43 during trading on Friday, reaching $60.28. 792,920 shares of the company were exchanged, compared to its average volume of 955,194. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The stock's 50 day simple moving average is $60.27 and its two-hundred day simple moving average is $63.73. 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 Announces Dividend

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

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.