National Grid plc (NYSE:NGG) Shares Sold by Lantz Financial LLC

Lantz Financial LLC trimmed its holdings in shares of National Grid plc (NYSE:NGG) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,488 shares of the utilities provider’s stock after selling 274 shares during the period. Lantz Financial LLC’s holdings in National Grid were worth $386,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in 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. lifted its position in shares of National Grid by 45.4% during the 2nd 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. Profund Advisors LLC boosted its stake in shares of National Grid by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 203 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of National Grid by 20.3% in the 2nd quarter. Bank of Montreal Can now owns 536,784 shares of the utilities provider’s stock worth $31,005,000 after acquiring an additional 90,722 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of National Grid in the 2nd quarter worth approximately $29,097,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Stock Down 0.7 %

Shares of National Grid stock opened at $60.28 on Friday. National Grid plc has a 1 year low of $55.13 and a 1 year 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 business has a 50 day moving average price of $60.23 and a 200 day moving average price of $63.72.

National Grid Dividend Announcement

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

Wall Street Analyst Weigh In

NGG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.