Hennion & Walsh Asset Management Inc. Makes New $411,000 Investment in National Grid plc (NYSE:NGG)

Hennion & Walsh Asset Management Inc. bought a new position in shares of National Grid plc (NYSE:NGG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,910 shares of the utilities provider’s stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in shares of National Grid by 8.9% during the second quarter. Rhumbline Advisers now owns 16,834 shares of the utilities provider’s stock worth $956,000 after buying an additional 1,381 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of National Grid by 11.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 18,202 shares of the utilities provider’s stock worth $1,034,000 after buying an additional 1,889 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of National Grid by 28.6% during the second quarter. Pacer Advisors Inc. now owns 8,284 shares of the utilities provider’s stock worth $471,000 after buying an additional 1,840 shares in the last quarter. Sei Investments Co. grew its holdings in shares of National Grid by 45.4% during the second quarter. Sei Investments Co. now owns 36,662 shares of the utilities provider’s stock worth $2,082,000 after buying an additional 11,445 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of National Grid by 3.0% during the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NGG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

National Grid stock opened at $59.57 on Tuesday. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The firm has a 50 day moving average price of $60.47 and a 200 day moving average price of $63.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

National Grid Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, November 22nd were issued a $2.4939 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 4%.

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.