Jeppson Wealth Management LLC Decreases Stake in National Grid plc (NYSE:NGG)

Jeppson Wealth Management LLC decreased its holdings in National Grid plc (NYSE:NGG) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,131 shares of the utilities provider’s stock after selling 785 shares during the quarter. Jeppson Wealth Management LLC’s holdings in National Grid were worth $602,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in National Grid by 28.6% in the second quarter. Pacer Advisors Inc. now owns 8,284 shares of the utilities provider’s stock valued at $471,000 after purchasing an additional 1,840 shares during the last quarter. Sei Investments Co. grew its stake in National Grid by 45.4% in the 2nd quarter. Sei Investments Co. now owns 36,662 shares of the utilities provider’s stock valued at $2,082,000 after acquiring an additional 11,445 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in National Grid by 17.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 480,271 shares of the utilities provider’s stock valued at $27,279,000 after acquiring an additional 71,833 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in National Grid during the 2nd quarter valued at about $1,558,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in National Grid during the second quarter worth about $1,096,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NGG. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NYSE NGG opened at $61.48 on Tuesday. The firm’s 50 day moving average price is $60.23 and its 200 day moving average price is $63.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.

National Grid Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd were paid a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date was Friday, November 22nd.

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.