EverSource Wealth Advisors LLC Increases Holdings in National Grid plc (NYSE:NGG)

EverSource Wealth Advisors LLC boosted its stake in National Grid plc (NYSE:NGG) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,141 shares of the utilities provider’s stock after purchasing an additional 247 shares during the period. EverSource Wealth Advisors LLC’s holdings in National Grid were worth $76,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. NBC Securities Inc. increased its stake in National Grid by 3.5% in the 4th 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 period. Mayflower Financial Advisors LLC grew its position in shares of National Grid by 4.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock worth $251,000 after buying an additional 160 shares during the last quarter. RFP Financial Group LLC grew its position in shares of National Grid by 119.8% in the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after buying an additional 200 shares during the last quarter. Dearborn Partners LLC grew its position in shares of National Grid by 5.5% in the 1st quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock worth $281,000 after buying an additional 213 shares during the last quarter. Finally, Level Four Advisory Services LLC grew its position in shares of National Grid by 5.5% in the 4th quarter. Level Four Advisory Services LLC now owns 4,380 shares of the utilities provider’s stock worth $298,000 after buying an additional 227 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Trading Up 1.1 %

Shares of National Grid stock traded up $0.66 on Tuesday, reaching $62.77. The company’s stock had a trading volume of 399,074 shares, compared to its average volume of 570,849. 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 plc has a 52 week low of $55.13 and a 52 week high of $73.40. The firm’s fifty day simple moving average is $59.61 and its two-hundred day simple moving average is $64.51.

National Grid Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 7th were paid a dividend of $2.4939 per share. The ex-dividend date was Friday, June 7th. This represents a yield of 6%. This is a boost from National Grid’s previous semi-annual dividend of $1.19.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NGG. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.