National Grid plc (NYSE:NGG) Shares Sold by First County Bank CT

First County Bank CT trimmed its position in shares of National Grid plc (NYSE:NGG) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,796 shares of the utilities provider’s stock after selling 1,516 shares during the quarter. First County Bank CT’s holdings in National Grid were worth $939,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in National Grid by 128.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 148,184 shares of the utilities provider’s stock valued at $8,417,000 after acquiring an additional 83,310 shares during the last quarter. Rhumbline Advisers lifted its stake in National Grid by 8.9% in the 2nd quarter. Rhumbline Advisers now owns 16,834 shares of the utilities provider’s stock valued at $956,000 after buying an additional 1,381 shares in the last quarter. Gallacher Capital Management LLC grew its holdings in National Grid by 12.7% during the 2nd quarter. Gallacher Capital Management LLC now owns 4,715 shares of the utilities provider’s stock valued at $268,000 after buying an additional 530 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in National Grid during the second quarter worth $68,000. Finally, PFG Investments LLC raised its holdings in shares of National Grid by 27.8% in the second quarter. PFG Investments LLC now owns 13,355 shares of the utilities provider’s stock worth $759,000 after acquiring an additional 2,908 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Trading Down 0.4 %

Shares of NGG traded down $0.25 during mid-day trading on Tuesday, hitting $58.62. The company had a trading volume of 351,784 shares, compared to its average volume of 465,490. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The business’s 50-day simple moving average is $61.68 and its 200-day simple moving average is $63.74. The stock has a market cap of $57.28 billion, a PE ratio of 12.14, a P/E/G ratio of 5.49 and a beta of 0.62. 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 Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be paid a dividend of $2.4939 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 4%. National Grid’s dividend payout ratio is presently 41.61%.

Wall Street Analysts Forecast Growth

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

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.