GAMMA Investing LLC Has $118,000 Position in National Grid plc (NYSE:NGG)

GAMMA Investing LLC increased its position in National Grid plc (NYSE:NGG) by 99.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,730 shares of the utilities provider’s stock after buying an additional 862 shares during the quarter. GAMMA Investing LLC’s holdings in National Grid were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NGG. UMB Bank n.a. boosted its holdings in shares of National Grid by 22.7% during the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after buying an additional 153 shares in the last quarter. NBC Securities Inc. increased its position in shares of National Grid by 3.5% during the 4th quarter. NBC Securities Inc. now owns 4,514 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 154 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of National Grid by 14.5% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 183 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of National Grid by 18.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,301 shares of the utilities provider’s stock valued at $89,000 after purchasing an additional 204 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in National Grid by 0.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 32,085 shares of the utilities provider’s stock worth $1,945,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Performance

Shares of NGG stock opened at $57.13 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The stock has a 50 day moving average price of $63.92 and a two-hundred day moving average price of $66.10.

National Grid Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 7th will be paid a dividend of $2.4939 per share. The ex-dividend date is Friday, June 7th. This is a boost from National Grid’s previous semi-annual dividend of $1.19. This represents a dividend yield of 6%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NGG. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. BNP Paribas upgraded National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, The Goldman Sachs Group upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,050.00.

National Grid Profile

National Grid plc transmits and distributes electricity and gas. The company 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.