National Grid plc (NYSE:NGG) Shares Bought by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. lifted its holdings in shares of National Grid plc (NYSE:NGG) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,040 shares of the utilities provider’s stock after buying an additional 500 shares during the period. Brown Lisle Cummings Inc.’s holdings in National Grid were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in National Grid in the second quarter worth $1,558,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of National Grid during the 2nd quarter worth $1,096,000. GAMMA Investing LLC increased its holdings in shares of National Grid by 45.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 314 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of National Grid in the third quarter valued at about $393,000. Finally, Hexagon Capital Partners LLC boosted its holdings in National Grid by 13.7% during the third quarter. Hexagon Capital Partners LLC now owns 3,685 shares of the utilities provider’s stock worth $257,000 after buying an additional 445 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Stock Performance

National Grid stock opened at $61.83 on Wednesday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The stock’s fifty day moving average is $60.01 and its two-hundred day moving average is $63.76. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.

National Grid Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently 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.