National Grid plc (NYSE:NGG) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA trimmed its holdings in National Grid plc (NYSE:NGG) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,808 shares of the utilities provider’s stock after selling 5,190 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in National Grid were worth $2,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brown Lisle Cummings Inc. boosted its holdings in shares of National Grid by 11.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 5,040 shares of the utilities provider’s stock valued at $299,000 after acquiring an additional 500 shares during the period. Optas LLC raised its stake in shares of National Grid by 17.0% during the fourth quarter. Optas LLC now owns 7,866 shares of the utilities provider’s stock worth $467,000 after purchasing an additional 1,141 shares during the last quarter. Barry Investment Advisors LLC raised its stake in shares of National Grid by 21.2% during the fourth quarter. Barry Investment Advisors LLC now owns 9,074 shares of the utilities provider’s stock worth $548,000 after purchasing an additional 1,587 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of National Grid by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 8,620 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 340 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of National Grid by 92.9% during the fourth quarter. Blue Trust Inc. now owns 9,774 shares of the utilities provider’s stock worth $581,000 after purchasing an additional 4,707 shares during the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, National Grid has an average rating of “Moderate Buy”.

National Grid Stock Down 0.7 %

Shares of NYSE:NGG opened at $61.55 on Tuesday. The stock’s 50-day moving average price is $60.03 and its two-hundred day moving average price is $63.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40.

National Grid Announces Dividend

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

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.