Hexagon Capital Partners LLC Has $184,000 Holdings in National Grid plc (NYSE:NGG)

Hexagon Capital Partners LLC decreased its holdings in shares of National Grid plc (NYSE:NGG) by 14.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,240 shares of the utilities provider’s stock after selling 545 shares during the period. Hexagon Capital Partners LLC’s holdings in National Grid were worth $184,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NGG. Gilman Hill Asset Management LLC lifted its position in National Grid by 10.9% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 37,744 shares of the utilities provider’s stock worth $2,144,000 after buying an additional 3,705 shares in the last quarter. Park Avenue Securities LLC raised its holdings in National Grid by 1.2% during the second quarter. Park Avenue Securities LLC now owns 29,376 shares of the utilities provider’s stock worth $1,669,000 after acquiring an additional 340 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in National Grid during the second quarter valued at approximately $213,000. Mather Group LLC. grew its stake in National Grid by 89.9% in the second quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 426 shares in the last quarter. Finally, Cape Investment Advisory Inc. increased its position in shares of National Grid by 363.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 875 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 686 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Performance

Shares of NYSE NGG traded up $0.48 during midday trading on Friday, hitting $63.61. 734,249 shares of the company’s stock were exchanged, compared to its average volume of 573,443. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The company’s 50 day moving average price is $59.96 and its 200 day moving average price is $64.43. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $50.47 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 5.74 and a beta of 0.61.

National Grid Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 7th were given a dividend of $2.4939 per share. This represents a yield of 6%. This is a boost from National Grid’s previous semi-annual dividend of $1.19. The ex-dividend date of this dividend was Friday, June 7th. National Grid’s payout ratio is 103.35%.

Wall Street Analyst Weigh In

NGG has been the subject of several recent analyst reports. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. The Goldman Sachs Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.