Wellington Management Group LLP Sells 710 Shares of National Grid plc (NYSE:NGG)

Wellington Management Group LLP decreased its position in shares of National Grid plc (NYSE:NGG) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,274 shares of the utilities provider’s stock after selling 710 shares during the period. Wellington Management Group LLP’s holdings in National Grid were worth $3,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in National Grid during the 4th quarter valued at about $29,000. Cetera Trust Company N.A purchased a new stake in shares of National Grid in the fourth quarter worth approximately $51,000. Planned Solutions Inc. bought a new stake in shares of National Grid during the 4th quarter worth approximately $53,000. UMB Bank n.a. lifted its stake 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 acquiring an additional 153 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in National Grid in the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NGG has been the subject of a number of recent analyst reports. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Trading Up 0.2 %

NYSE NGG opened at $56.80 on Monday. The company’s 50-day simple moving average is $63.16 and its two-hundred day simple moving average is $65.71. National Grid plc has a one year low of $55.13 and a one year 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.

National Grid Increases Dividend

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

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.