National Grid plc (NYSE:NGG) Stock Position Trimmed by Grove Bank & Trust

Grove Bank & Trust decreased its position in National Grid plc (NYSE:NGG) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,489 shares of the utilities provider’s stock after selling 179 shares during the period. Grove Bank & Trust’s holdings in National Grid were worth $267,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NGG. Moors & Cabot Inc. grew its stake in shares of National Grid by 3.2% in 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 last quarter. Profund Advisors LLC lifted its stake in National Grid by 3.0% during 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 last quarter. Carr Financial Group Corp boosted its holdings in 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 buying an additional 205 shares in the last quarter. Concord Wealth Partners grew its position in National Grid by 11.2% in the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after buying an additional 206 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NGG. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

National Grid Price Performance

NYSE NGG opened at $59.57 on Monday. The firm’s 50 day moving average price is $60.47 and its two-hundred day moving average price is $63.73. 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 twelve month low of $55.13 and a twelve month high of $73.40.

National Grid Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd were issued a dividend of $2.4939 per share. The ex-dividend date was Friday, November 22nd. This represents a dividend 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.