Coldstream Capital Management Inc. Cuts Stake in National Grid plc (NYSE:NGG)

Coldstream Capital Management Inc. lowered its holdings in shares of National Grid plc (NYSE:NGG) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,212 shares of the utilities provider’s stock after selling 262 shares during the quarter. Coldstream Capital Management Inc.’s holdings in National Grid were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NGG. Private Advisor Group LLC grew its holdings in National Grid by 20.7% during the 3rd quarter. Private Advisor Group LLC now owns 11,531 shares of the utilities provider’s stock valued at $697,000 after buying an additional 1,981 shares in the last quarter. NBC Securities Inc. purchased a new position in National Grid during the 3rd quarter valued at approximately $264,000. Lincoln National Corp grew its holdings in National Grid by 97.4% during the 3rd quarter. Lincoln National Corp now owns 7,089 shares of the utilities provider’s stock valued at $430,000 after buying an additional 3,498 shares in the last quarter. Wambolt & Associates LLC grew its holdings in National Grid by 7.6% during the 3rd quarter. Wambolt & Associates LLC now owns 23,020 shares of the utilities provider’s stock valued at $1,340,000 after buying an additional 1,624 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in National Grid by 6.5% during the 3rd quarter. Zions Bancorporation N.A. now owns 107,304 shares of the utilities provider’s stock valued at $6,506,000 after buying an additional 6,506 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Stock Down 1.7 %

NYSE:NGG opened at $60.69 on Friday. National Grid plc has a 1 year low of $56.40 and a 1 year high of $73.40. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. The business has a 50 day simple moving average of $67.77 and a 200-day simple moving average of $67.01.

National Grid Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 7th will be paid a dividend of $2.4939 per share. This is a positive change from National Grid’s previous semi-annual dividend of $1.19. This represents a dividend yield of 6%. The ex-dividend date is Friday, June 7th.

Analyst Ratings Changes

Several research firms have weighed in on NGG. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. BNP Paribas raised National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, National Grid currently has a consensus rating of “Moderate Buy” and an average target price of $1,050.00.

National Grid Profile

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.