Mitchell & Pahl Private Wealth LLC Has $697,000 Stock Position in National Grid plc (NYSE:NGG)

Mitchell & Pahl Private Wealth LLC raised its stake in National Grid plc (NYSE:NGG) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,733 shares of the utilities provider’s stock after acquiring an additional 859 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in National Grid were worth $697,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in National Grid by 8.9% during the 2nd quarter. Rhumbline Advisers now owns 16,834 shares of the utilities provider’s stock worth $956,000 after purchasing an additional 1,381 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in National Grid by 11.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 18,202 shares of the utilities provider’s stock worth $1,034,000 after buying an additional 1,889 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of National Grid by 28.6% during the second quarter. Pacer Advisors Inc. now owns 8,284 shares of the utilities provider’s stock worth $471,000 after buying an additional 1,840 shares in the last quarter. Sei Investments Co. boosted its position in shares of National Grid by 45.4% in the second 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 period. Finally, Profund Advisors LLC grew its stake in shares of National Grid by 3.0% in 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. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Trading Up 0.7 %

NGG stock opened at $59.57 on Tuesday. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The business has a 50-day simple moving average of $60.47 and a 200 day simple moving average of $63.76. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Announces Dividend

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

Wall Street Analyst Weigh In

NGG has been the subject of several analyst reports. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, National Grid 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.