Sigma Planning Corp Buys Shares of 3,467 National Grid plc (NYSE:NGG)

Sigma Planning Corp purchased a new position in National Grid plc (NYSE:NGG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,467 shares of the utilities provider’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Profund Advisors LLC boosted its holdings in National Grid by 3.0% in the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after acquiring an additional 203 shares in the last quarter. Carr Financial Group Corp increased its stake in National Grid by 3.9% during the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 205 shares in the last quarter. Concord Wealth Partners raised its holdings in National Grid by 11.2% in the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after acquiring an additional 206 shares during the last quarter. Bailard Inc. increased its holdings in National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock worth $291,000 after buying an additional 217 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of National Grid by 26.0% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,082 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 223 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on NGG shares. Citigroup cut shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

National Grid Trading Up 0.6 %

NGG opened at $62.75 on Friday. The company’s 50 day moving average is $66.92 and its 200 day moving average is $64.42. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40.

National Grid Announces Dividend

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

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.