Keudell Morrison Wealth Management Lowers Holdings in National Grid plc (NYSE:NGG)

Keudell Morrison Wealth Management trimmed its position in shares of National Grid plc (NYSE:NGG) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,584 shares of the utilities provider’s stock after selling 229 shares during the quarter. Keudell Morrison Wealth Management’s holdings in National Grid were worth $451,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC bought a new position in National Grid in the 3rd quarter valued at approximately $37,000. Eastern Bank bought a new position in shares of National Grid during the third quarter valued at $42,000. Quantbot Technologies LP purchased a new stake in shares of National Grid during the third quarter valued at $60,000. Addison Advisors LLC increased its holdings in National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock worth $69,000 after buying an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in National Grid by 45.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock worth $70,000 after buying an additional 314 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Performance

Shares of NGG opened at $61.70 on Friday. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The business has a fifty day moving average of $60.07 and a 200 day moving average of $63.71. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy”.

About National Grid

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.