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

First County Bank CT lessened its holdings in shares of National Grid plc (NYSE:NGG) by 8.8% in the fourth quarter, according to the company in its most recent 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 as of its most recent filing with the SEC.

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

National Grid Stock Down 0.4 %

Shares of NYSE:NGG traded down $0.25 during trading on Tuesday, hitting $58.62. The company’s stock had a trading volume of 351,784 shares, compared to its average volume of 465,490. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The stock’s 50-day moving average price is $61.68 and its two-hundred day moving average price is $63.74. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market capitalization of $57.28 billion, a PE ratio of 12.14, a PEG ratio of 5.49 and a beta of 0.62.

National Grid Announces Dividend

The firm also recently announced 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. This represents a dividend yield of 4%. The ex-dividend date is Friday, November 22nd. National Grid’s dividend payout ratio (DPR) is currently 41.61%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NGG shares. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently 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.