National Grid plc (NYSE:NGG) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in National Grid plc (NYSE:NGG) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 25,850 shares of the utilities provider’s stock after selling 1,572 shares during the period. Sanctuary Advisors LLC’s holdings in National Grid were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Moors & Cabot Inc. boosted its stake in shares of National Grid by 3.2% in the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after buying an additional 175 shares during the last quarter. Profund Advisors LLC grew its position in shares of National Grid by 3.0% in the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 203 shares during the period. Carr Financial Group Corp increased its stake in shares of National Grid by 3.9% during the third 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 in the last quarter. Concord Wealth Partners raised its position in shares of 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 last quarter. Finally, Bailard Inc. lifted its stake in 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 buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NGG shares. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, National Grid has an average rating of “Moderate Buy”.

National Grid Trading Down 0.2 %

Shares of NYSE NGG opened at $57.68 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The company has a 50-day moving average of $63.52 and a 200 day moving average of $63.48.

National Grid Announces Dividend

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

National Grid Company 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.