4,727 Shares in National Grid plc (NYSE:NGG) Acquired by LVW Advisors LLC

LVW Advisors LLC bought a new position in shares of National Grid plc (NYSE:NGG) in the first quarter, HoldingsChannel reports. The firm bought 4,727 shares of the utilities provider’s stock, valued at approximately $322,000.

Other large investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of National Grid by 8.1% in the 4th quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock valued at $200,281,000 after buying an additional 220,504 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of National Grid in the 4th quarter valued at approximately $11,446,000. Wells Fargo & Company MN boosted its holdings in shares of National Grid by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,215,723 shares of the utilities provider’s stock valued at $82,657,000 after buying an additional 113,208 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of National Grid in the 4th quarter valued at approximately $6,123,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of National Grid by 5.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,286,459 shares of the utilities provider’s stock valued at $87,466,000 after buying an additional 70,730 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Stock Performance

NGG opened at $56.80 on Monday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The stock has a fifty day moving average of $63.16 and a 200-day moving average of $65.71.

National Grid Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on NGG shares. BNP Paribas raised National Grid from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. Finally, The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About National Grid

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.