Trust Co. of Vermont Sells 250 Shares of National Grid plc (NYSE:NGG)

Trust Co. of Vermont cut its stake in shares of National Grid plc (NYSE:NGG) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,866 shares of the utilities provider’s stock after selling 250 shares during the period. Trust Co. of Vermont’s holdings in National Grid were worth $106,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. RFP Financial Group LLC lifted its stake in National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of National Grid during the 1st quarter worth $27,000. Richardson Financial Services Inc. bought a new stake in shares of National Grid during the 1st quarter worth $28,000. Bessemer Group Inc. bought a new stake in shares of National Grid during the 1st quarter worth $29,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of National Grid during the 4th quarter worth $29,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Trading Up 0.3 %

Shares of NGG traded up $0.20 during trading hours on Wednesday, reaching $62.96. 318,455 shares of the company’s stock traded hands, compared to its average volume of 571,107. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. The firm’s 50 day simple moving average is $59.67 and its 200-day simple moving average is $64.49. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40.

National Grid Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, July 19th. Investors of record on Friday, June 7th were given 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 was Friday, June 7th. This represents a yield of 6%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NGG. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Monday, June 3rd. The Goldman Sachs Group upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

National Grid Company 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.