Romano Brothers AND Company Has $800,000 Holdings in National Grid plc (NYSE:NGG)

Romano Brothers AND Company decreased its position in National Grid plc (NYSE:NGG) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,464 shares of the utilities provider’s stock after selling 458 shares during the period. Romano Brothers AND Company’s holdings in National Grid were worth $800,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NGG. FMR LLC lifted its stake in shares of National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after purchasing an additional 1,739,566 shares during the period. Merewether Investment Management LP bought a new stake in National Grid in the third quarter worth approximately $66,535,000. Ausbil Investment Management Ltd acquired a new position in National Grid in the third quarter valued at approximately $62,421,000. Hsbc Holdings PLC boosted its holdings in shares of National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock worth $36,917,000 after buying an additional 644,553 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of National Grid during the 3rd quarter worth approximately $38,021,000. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NGG. Citigroup downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, National Grid has a consensus rating of “Moderate Buy”.

National Grid Trading Up 0.7 %

NYSE NGG opened at $59.57 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The business has a 50 day moving average price of $60.47 and a 200-day moving average price of $63.68.

National Grid Dividend Announcement

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