National Grid plc (NYSE:NGG) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. cut its stake in National Grid plc (NYSE:NGG) by 14.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,843 shares of the utilities provider’s stock after selling 625 shares during the period. Cozad Asset Management Inc.’s holdings in National Grid were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NGG. BNP Paribas Financial Markets acquired a new stake in shares of National Grid in the 1st quarter valued at about $1,372,000. Capital International Investors acquired a new stake in shares of National Grid in the first quarter valued at approximately $86,218,000. Atria Investments Inc raised its position in National Grid by 19.3% in the 1st quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider’s stock valued at $4,183,000 after purchasing an additional 9,931 shares during the last quarter. Gradient Investments LLC boosted its stake in National Grid by 8,101.0% during the 2nd quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 8,182 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in National Grid by 54.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,185 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 6,070 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Down 0.6 %

Shares of National Grid stock opened at $63.94 on Friday. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company’s 50-day simple moving average is $67.34 and its 200-day simple moving average is $64.56. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41.

National Grid Announces Dividend

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

Wall Street Analyst Weigh In

NGG has been the subject of a number of research reports. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, National Grid has a consensus 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.