National Grid plc (NYSE:NGG) Stock Holdings Lessened by LongView Wealth Management

LongView Wealth Management trimmed its stake in National Grid plc (NYSE:NGG) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Pathstone Holdings LLC grew its holdings in shares of National Grid by 46.0% during the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after acquiring an additional 11,402 shares in the last quarter. XTX Topco Ltd acquired a new position in National Grid in the 3rd quarter worth about $1,624,000. Natixis Advisors LLC raised its stake in shares of National Grid by 51.9% during the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after purchasing an additional 38,123 shares in the last quarter. National Bank of Canada FI increased its holdings in National Grid by 351.1% in the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after buying an additional 161,204 shares during the last quarter. Finally, Icon Wealth Advisors LLC lifted its stake in National Grid by 1,620.2% in the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock valued at $2,681,000 after acquiring an additional 36,243 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NGG has been the subject of a number of recent 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 report on Wednesday, October 2nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

National Grid Stock Up 0.7 %

Shares of National Grid stock opened at $59.57 on Friday. The firm has a fifty 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 current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.

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 $2.4939 dividend. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 4%.

National Grid 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.