NBC Securities Inc. Has $215,000 Holdings in National Grid plc (NYSE:NGG)

NBC Securities Inc. grew its position in shares of National Grid plc (NYSE:NGG) by 109,400.0% in the 1st quarter, Holdings Channel reports. The firm owned 3,285 shares of the utilities provider’s stock after acquiring an additional 3,282 shares during the quarter. NBC Securities Inc.’s holdings in National Grid were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new stake in shares of National Grid during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its position in National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after buying an additional 198 shares during the period. Larson Financial Group LLC lifted its stake in National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 415 shares during the last quarter. Rothschild Investment LLC increased its holdings in National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 192 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of National Grid in the fourth quarter valued at approximately $53,000. 4.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BNP Paribas raised shares of National Grid from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 29th. Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Wall Street Zen lowered National Grid from a “hold” rating to a “sell” rating in a research note on Friday, May 16th. BNP Paribas Exane assumed coverage on National Grid in a research note on Thursday, May 29th. They issued an “outperform” rating and a $80.40 price target for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of National Grid in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.40.

National Grid Stock Down 0.4%

National Grid stock opened at $70.74 on Monday. The stock has a market capitalization of $69.21 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 1-year low of $54.24 and a 1-year high of $74.82. 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 business has a fifty day moving average price of $70.54 and a 200-day moving average price of $64.41.

National Grid Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, May 30th will be paid a dividend of $2.0345 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 4.7%. National Grid’s dividend payout ratio is currently 78.08%.

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.