Blue Trust Inc. Has $581,000 Stake in National Grid plc (NYSE:NGG)

Blue Trust Inc. boosted its holdings in National Grid plc (NYSE:NGG) by 92.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,774 shares of the utilities provider’s stock after acquiring an additional 4,707 shares during the quarter. Blue Trust Inc.’s holdings in National Grid were worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moors & Cabot Inc. grew its holdings in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after buying an additional 175 shares during the last quarter. Carr Financial Group Corp raised its stake in shares of National Grid by 3.9% in the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 205 shares during the last quarter. Concord Wealth Partners lifted its holdings in shares of National Grid by 11.2% in the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 206 shares in the last quarter. GAMMA Investing LLC lifted its stake in National Grid by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 224 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in National Grid by 5.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock worth $346,000 after acquiring an additional 242 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

National Grid Trading Up 1.5 %

NGG stock opened at $61.70 on Friday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The business’s 50 day moving average price is $60.10 and its two-hundred day moving average price is $63.73. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

National Grid Announces Dividend

The company 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.

National Grid Company 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.