Liberty One Investment Management LLC Acquires 449 Shares of National Grid plc (NYSE:NGG)

Liberty One Investment Management LLC raised its stake in shares of National Grid plc (NYSE:NGG) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,043 shares of the utilities provider’s stock after purchasing an additional 449 shares during the period. Liberty One Investment Management LLC’s holdings in National Grid were worth $656,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Moors & Cabot Inc. raised its holdings in National Grid by 3.2% in the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 175 shares during the period. Profund Advisors LLC boosted its holdings in National Grid by 3.0% during the second 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. Carr Financial Group Corp grew its position in shares of National Grid by 3.9% in the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 205 shares during the last quarter. Concord Wealth Partners grew its position in shares of National Grid by 11.2% in the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 206 shares during the last quarter. Finally, 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 worth $73,000 after purchasing an additional 224 shares during the period. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Stock Up 0.7 %

Shares of NYSE NGG opened at $59.57 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The business has a fifty day simple moving average of $60.47 and a 200 day simple moving average of $63.68. National Grid plc has a one year low of $55.13 and a one year high of $73.40.

National Grid Announces Dividend

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

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.