National Grid plc (NYSE:NGG) Holdings Raised by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in National Grid plc (NYSE:NGG - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,231 shares of the utilities provider's stock after purchasing an additional 29,975 shares during the quarter. Quantinno Capital Management LP's holdings in National Grid were worth $5,183,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in National Grid by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock valued at $265,000 after purchasing an additional 868 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in National Grid in the fourth quarter valued at approximately $239,000. Hennion & Walsh Asset Management Inc. acquired a new stake in National Grid in the fourth quarter valued at approximately $411,000. Burney Co. purchased a new stake in shares of National Grid during the fourth quarter valued at approximately $604,000. Finally, Crossmark Global Holdings Inc. lifted its position in shares of National Grid by 13.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 119,170 shares of the utilities provider's stock worth $7,081,000 after purchasing an additional 13,864 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

Wall Street Analyst Weigh In

NGG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of National Grid in a report on Wednesday. Wall Street Zen downgraded National Grid from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Citigroup reissued a "neutral" rating on shares of National Grid in a report on Tuesday, May 6th. Finally, Barclays restated an "overweight" rating on shares of National Grid in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

National Grid Stock Up 0.5%

NYSE NGG traded up $0.37 during trading hours on Friday, reaching $74.00. 365,163 shares of the company traded hands, compared to its average volume of 733,927. The stock has a market capitalization of $72.41 billion, a PE ratio of 14.24, a PEG ratio of 5.64 and a beta of 0.63. 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 plc has a 12 month low of $54.24 and a 12 month high of $74.82. The company has a 50 day moving average of $68.74 and a two-hundred day moving average of $63.72.

National Grid Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, May 30th will be given a dividend of $2.0345 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.7%. National Grid's payout ratio is 38.65%.

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.