Ballentine Partners LLC Buys 1,054 Shares of National Grid plc (NYSE:NGG)

Ballentine Partners LLC increased its stake in National Grid plc (NYSE:NGG) by 19.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,547 shares of the utilities provider’s stock after buying an additional 1,054 shares during the quarter. Ballentine Partners LLC’s holdings in National Grid were worth $389,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NGG. Moors & Cabot Inc. grew its holdings in National Grid by 3.2% during the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after buying an additional 175 shares in the last quarter. Profund Advisors LLC grew its stake in National Grid by 3.0% during the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 203 shares in the last quarter. Carr Financial Group Corp increased its holdings in National Grid by 3.9% during the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after acquiring an additional 205 shares during the period. Concord Wealth Partners lifted its stake in National Grid by 11.2% in the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 206 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 1.1 %

National Grid stock opened at $60.72 on Friday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The firm’s fifty day moving average price is $60.31 and its 200-day moving average price is $63.75.

National Grid Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on NGG. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a research report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About National Grid

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.