Barry Investment Advisors LLC Has $530,000 Position in National Grid plc (NYSE:NGG)

Barry Investment Advisors LLC lowered its holdings in shares of National Grid plc (NYSE:NGG) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,762 shares of the utilities provider’s stock after selling 388 shares during the quarter. Barry Investment Advisors LLC’s holdings in National Grid were worth $530,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Federated Hermes Inc. raised its position in shares of National Grid by 8.1% in the fourth quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock valued at $200,281,000 after purchasing an additional 220,504 shares during the period. International Assets Investment Management LLC acquired a new position in National Grid in the 4th quarter worth about $11,446,000. Wells Fargo & Company MN raised its holdings in National Grid by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,215,723 shares of the utilities provider’s stock valued at $82,657,000 after buying an additional 113,208 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of National Grid in the fourth quarter worth $6,123,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of National Grid by 5.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,286,459 shares of the utilities provider’s stock valued at $87,466,000 after buying an additional 70,730 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Up 0.2 %

NGG traded up $0.09 on Friday, hitting $56.80. 1,050,428 shares of the company’s stock traded hands, compared to its average volume of 976,815. The company’s 50 day simple moving average is $63.16 and its 200-day simple moving average is $65.71. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. National Grid plc has a one year low of $55.13 and a one year high of $73.40.

National Grid Increases Dividend

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

Wall Street Analyst Weigh In

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

About National Grid

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.