Pacer Advisors Inc. Acquires 340 Shares of National Grid plc (NYSE:NGG)

Pacer Advisors Inc. raised its holdings in National Grid plc (NYSE:NGG) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,620 shares of the utilities provider’s stock after buying an additional 340 shares during the period. Pacer Advisors Inc.’s holdings in National Grid were worth $512,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Moors & Cabot Inc. lifted its position in National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after acquiring an additional 175 shares during the last quarter. Carr Financial Group Corp lifted its holdings 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 worth $377,000 after purchasing an additional 205 shares during the last quarter. Concord Wealth Partners boosted its stake in National Grid by 11.2% in the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 206 shares during the period. GAMMA Investing LLC grew its holdings in National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in National Grid by 5.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock worth $346,000 after buying an additional 242 shares during the period. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Stock Performance

National Grid stock opened at $61.83 on Wednesday. The stock’s fifty day moving average price is $60.01 and its two-hundred day moving average price is $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 plc has a one year low of $55.13 and a one year high of $73.40.

National Grid Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy”.

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.