JCIC Asset Management Inc. Takes Position in National Grid plc (NYSE:NGG)

JCIC Asset Management Inc. bought a new stake in shares of National Grid plc (NYSE:NGG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,200 shares of the utilities provider’s stock, valued at approximately $1,854,000.

Several other hedge funds also recently bought and sold shares of the company. Moors & Cabot Inc. lifted its position in shares of National Grid by 3.2% in the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after acquiring an additional 175 shares in the last quarter. Profund Advisors LLC lifted its holdings in National Grid by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 203 shares in the last quarter. Carr Financial Group Corp boosted its stake in National Grid by 3.9% in the 3rd 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 period. Concord Wealth Partners grew its holdings in National Grid by 11.2% during the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after buying an additional 206 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NGG. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Grid presently has an average rating of “Moderate Buy”.

National Grid Price Performance

NGG traded up $0.28 during trading hours on Monday, hitting $56.41. The company’s stock had a trading volume of 607,579 shares, compared to its average volume of 561,831. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $61.13 and its 200-day moving average price is $63.75. The stock has a market cap of $55.12 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 5.49 and a beta of 0.62.

National Grid Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be given a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd. National Grid’s dividend payout ratio is 41.61%.

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.