Old Port Advisors Sells 439 Shares of National Grid plc (NYSE:NGG)

Old Port Advisors cut its holdings in National Grid plc (NYSE:NGG) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 49,314 shares of the utilities provider’s stock after selling 439 shares during the quarter. Old Port Advisors’ holdings in National Grid were worth $2,930,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NGG. Pathstone Holdings LLC lifted its stake in shares of National Grid by 46.0% in the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after purchasing an additional 11,402 shares during the last quarter. XTX Topco Ltd bought a new position in National Grid during the third quarter valued at about $1,624,000. Natixis Advisors LLC lifted its position in shares of National Grid by 51.9% in the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after buying an additional 38,123 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of National Grid by 1,620.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after acquiring an additional 36,243 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of National Grid by 351.1% during the 3rd quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after acquiring an additional 161,204 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup downgraded 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 report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NYSE:NGG traded up $0.19 during midday trading on Thursday, hitting $59.61. The company’s stock had a trading volume of 151,547 shares, compared to its average volume of 543,686. 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 stock’s 50 day simple moving average is $62.08 and its 200 day simple moving average is $63.63. The stock has a market capitalization of $58.25 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 5.49 and a beta of 0.62. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.

National Grid Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd will be issued a $2.4939 dividend. This represents a yield of 4%. The ex-dividend date is Friday, November 22nd. National Grid’s dividend payout ratio (DPR) is currently 41.61%.

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.