LongView Wealth Management Sells 533 Shares of National Grid plc (NYSE:NGG)

LongView Wealth Management cut its stake in shares of National Grid plc (NYSE:NGG) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,941 shares of the utilities provider’s stock after selling 533 shares during the period. LongView Wealth Management’s holdings in National Grid were worth $337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Creekmur Asset Management LLC bought a new stake in shares of National Grid in the fourth quarter worth $29,000. Mather Group LLC. acquired a new stake in shares of National Grid in the first quarter valued at about $32,000. Cetera Trust Company N.A acquired a new stake in shares of National Grid in the fourth quarter valued at about $51,000. Planned Solutions Inc. bought a new position in shares of National Grid during the fourth quarter worth about $53,000. Finally, UMB Bank n.a. lifted its stake in shares of National Grid by 22.7% in the fourth quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 153 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.2 %

Shares of NYSE NGG traded up $0.09 during midday trading on Friday, reaching $56.80. The company’s stock had a trading volume of 1,050,259 shares, compared to its average volume of 513,490. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The firm has a 50 day moving average price of $63.16 and a 200-day moving average price of $65.75. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40.

National Grid Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 7th will be given a dividend of $2.4939 per share. The ex-dividend date is Friday, June 7th. This is a positive change from National Grid’s previous semi-annual dividend of $1.19. This represents a dividend yield of 6%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NGG. The Goldman Sachs Group raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. Finally, BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.