Mather Group LLC. Takes Position in National Grid plc (NYSE:NGG)

Mather Group LLC. bought a new stake in National Grid plc (NYSE:NGG) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 474 shares of the utilities provider’s stock, valued at approximately $32,000.

A number of other large investors have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of National Grid by 99.3% in the first quarter. GAMMA Investing LLC now owns 1,730 shares of the utilities provider’s stock valued at $118,000 after buying an additional 862 shares in the last quarter. CWM LLC boosted its holdings in National Grid by 22.5% in the first quarter. CWM LLC now owns 4,191 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 771 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in National Grid in the fourth quarter valued at about $550,000. Leo Wealth LLC purchased a new position in National Grid in the fourth quarter valued at about $1,431,000. Finally, Fisher Asset Management LLC boosted its holdings in National Grid by 23.8% in the fourth quarter. Fisher Asset Management LLC now owns 7,125 shares of the utilities provider’s stock valued at $484,000 after purchasing an additional 1,369 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts 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. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. Finally, StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NYSE NGG opened at $57.43 on Tuesday. National Grid plc has a 12-month low of $55.13 and a 12-month 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’s 50 day simple moving average is $63.78 and its 200 day simple moving average is $66.02.

National Grid Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 7th will be issued 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 dividend 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.