Highland Capital Management LLC Has $875,000 Stock Holdings in National Grid plc (NYSE:NGG)

Highland Capital Management LLC lowered its position in National Grid plc (NYSE:NGG) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,718 shares of the utilities provider’s stock after selling 408 shares during the quarter. Highland Capital Management LLC’s holdings in National Grid were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NGG. Fortitude Family Office LLC bought a new position in shares of National Grid during the third quarter valued at $37,000. Eastern Bank bought a new position in National Grid during the 3rd quarter worth $42,000. Quantbot Technologies LP acquired a new position in National Grid during the 3rd quarter worth about $60,000. Addison Advisors LLC grew its position in shares of National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after buying an additional 718 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of National Grid by 45.4% in the third quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock valued at $70,000 after buying an additional 314 shares during the period. Institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a 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, the company has a consensus rating of “Moderate Buy”.

National Grid Stock Up 1.5 %

NGG stock opened at $61.70 on Friday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The stock has a 50-day moving average price of $60.10 and a 200-day moving average price of $63.73.

National Grid Dividend Announcement

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