National Grid plc (NYSE:NGG) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lessened its stake in National Grid plc (NYSE:NGG) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 38,103 shares of the utilities provider’s stock after selling 2,716 shares during the period. Gilman Hill Asset Management LLC’s holdings in National Grid were worth $2,264,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Pathstone Holdings LLC raised its stake in National Grid by 46.0% during the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after buying an additional 11,402 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of National Grid in the 3rd quarter valued at approximately $1,624,000. Natixis Advisors LLC raised its position in shares of National Grid by 51.9% during the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after acquiring an additional 38,123 shares in the last quarter. National Bank of Canada FI lifted its stake in National Grid by 351.1% during the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after purchasing an additional 161,204 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its holdings in National Grid by 1,620.2% in the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after purchasing an additional 36,243 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

Shares of NYSE NGG opened at $59.57 on Monday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The business’s fifty day moving average price is $60.47 and its two-hundred day moving average price is $63.73.

National Grid Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to 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. 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.