Advisors Management Group Inc. ADV Reduces Stock Holdings in National Grid plc (NYSE:NGG)

Advisors Management Group Inc. ADV lessened its stake in shares of National Grid plc (NYSE:NGG) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,155 shares of the utilities provider’s stock after selling 216 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in National Grid were worth $901,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Burney Co. bought a new stake in shares of National Grid during the fourth quarter worth $604,000. Park Avenue Securities LLC boosted its stake in shares of National Grid by 27.5% during the fourth quarter. Park Avenue Securities LLC now owns 29,802 shares of the utilities provider’s stock valued at $1,771,000 after purchasing an additional 6,423 shares in the last quarter. Eastern Bank raised its stake in shares of National Grid by 52.7% during the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 320 shares in the last quarter. JCIC Asset Management Inc. purchased a new stake in National Grid in the fourth quarter valued at about $1,854,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in National Grid by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider’s stock valued at $720,000 after purchasing an additional 275 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NGG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of 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 report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

National Grid Trading Up 2.4 %

NYSE:NGG opened at $57.64 on Thursday. The stock has a fifty day moving average price of $60.79 and a 200 day moving average price of $63.74. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm has a market cap of $56.33 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 5.49 and a beta of 0.62. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40.

National Grid Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd were paid a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date was Friday, November 22nd. National Grid’s dividend payout ratio is currently 41.61%.

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.