Barry Investment Advisors LLC Reduces Holdings in National Grid plc (NYSE:NGG)

Barry Investment Advisors LLC reduced its holdings in shares of National Grid plc (NYSE:NGG) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 institutional investors and hedge funds also recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in shares of National Grid by 22.7% during the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock valued at $56,000 after buying an additional 153 shares in the last quarter. NBC Securities Inc. raised its stake in shares of National Grid by 3.5% in the fourth quarter. NBC Securities Inc. now owns 4,514 shares of the utilities provider’s stock worth $306,000 after purchasing an additional 154 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in National Grid by 14.5% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock valued at $98,000 after buying an additional 183 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of National Grid by 18.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,301 shares of the utilities provider’s stock valued at $89,000 after purchasing an additional 204 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in National Grid by 0.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 32,085 shares of the utilities provider’s stock worth $1,945,000 after purchasing an additional 209 shares during the period. 4.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

National Grid Price Performance

NGG stock traded up $0.09 during mid-day trading on Friday, reaching $56.80. The company’s stock had a trading volume of 1,050,428 shares, compared to its average volume of 976,815. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company’s 50 day moving average is $63.16 and its two-hundred day 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 Increases Dividend

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

National Grid Profile

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.