Quantinno Capital Management LP Buys 29,975 Shares of National Grid plc (NYSE:NGG)

Quantinno Capital Management LP increased its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 52.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,231 shares of the utilities provider's stock after buying an additional 29,975 shares during the period. Quantinno Capital Management LP's holdings in National Grid were worth $5,183,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NGG. Merewether Investment Management LP increased its stake in shares of National Grid by 10.3% in the 4th quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider's stock valued at $62,597,000 after buying an additional 98,461 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in National Grid in the fourth quarter valued at about $1,194,000. Graham Capital Management L.P. acquired a new stake in National Grid in the fourth quarter worth about $210,000. Focus Partners Wealth raised its holdings in National Grid by 59.9% during the 4th quarter. Focus Partners Wealth now owns 9,339 shares of the utilities provider's stock worth $557,000 after purchasing an additional 3,499 shares during the last quarter. Finally, Fullcircle Wealth LLC raised its holdings in National Grid by 7.8% during the 4th quarter. Fullcircle Wealth LLC now owns 3,288 shares of the utilities provider's stock worth $201,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Trading Up 0.2%

NGG traded up $0.15 during mid-day trading on Wednesday, hitting $73.57. The stock had a trading volume of 1,019,591 shares, compared to its average volume of 730,594. National Grid plc has a 1-year low of $54.24 and a 1-year high of $74.82. The firm has a market capitalization of $71.98 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The stock's fifty day simple moving average is $68.35 and its 200-day simple moving average is $63.59.

National Grid Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NGG. Citigroup reaffirmed a "neutral" rating on shares of National Grid in a research note on Tuesday, May 6th. StockNews.com lowered shares of National Grid from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. Barclays restated an "overweight" rating on shares of National Grid in a research report on Friday, May 16th. Finally, UBS Group downgraded National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, National Grid currently has an average rating of "Hold".

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.