Mission Creek Capital Partners Inc. Cuts Holdings in National Grid plc (NYSE:NGG)

Mission Creek Capital Partners Inc. decreased its stake in shares of National Grid plc (NYSE:NGG) by 26.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,497 shares of the utilities provider’s stock after selling 1,942 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in National Grid were worth $383,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Moors & Cabot Inc. increased its holdings in National Grid by 3.2% during the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 175 shares during the period. Profund Advisors LLC increased its holdings in National Grid by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 203 shares during the period. Carr Financial Group Corp increased 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 period. Concord Wealth Partners increased its holdings in National Grid by 11.2% during the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 206 shares during the period. Finally, Bailard Inc. increased its holdings in shares of National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup downgraded 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 five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

National Grid Stock Performance

NGG opened at $62.20 on Thursday. The business’s 50-day simple moving average is $65.23 and its 200-day simple moving average is $63.76. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid plc has a one year low of $55.13 and a one year high of $73.40.

National Grid Dividend Announcement

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

National Grid Profile

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.