Lake Street Advisors Group LLC Takes $210,000 Position in National Grid plc (NYSE:NGG)

Lake Street Advisors Group LLC purchased a new stake in National Grid plc (NYSE:NGG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,073 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other large investors also recently made changes to their positions in NGG. Wellington Management Group LLP lifted its stake in shares of National Grid by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 53,984 shares of the utilities provider’s stock valued at $3,273,000 after purchasing an additional 2,049 shares during the period. Raymond James & Associates raised its stake in National Grid by 0.7% during the 4th quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider’s stock worth $85,712,000 after buying an additional 8,192 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in National Grid during the 4th quarter worth $281,000. Planned Solutions Inc. acquired a new stake in National Grid during the 4th quarter worth $53,000. Finally, Global Retirement Partners LLC raised its stake in National Grid by 18.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,301 shares of the utilities provider’s stock worth $89,000 after buying an additional 204 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of several research analyst reports. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. BNP Paribas raised National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

National Grid Trading Up 0.4 %

Shares of NGG traded up $0.22 during midday trading on Thursday, hitting $63.04. The stock had a trading volume of 262,037 shares, compared to its average volume of 554,100. The company has a 50 day simple moving average of $60.34 and a two-hundred day simple moving average of $64.78. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40.

National Grid Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 7th were issued a $2.4939 dividend. This is a boost from National Grid’s previous semi-annual dividend of $1.19. The ex-dividend date was Friday, June 7th. This represents a dividend yield of 6%.

National Grid Profile

National Grid plc transmits and distributes electricity and gas. The company 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.