Gofen & Glossberg LLC IL cut its stake in shares of National Grid PLC (NYSE:NGG) by 2.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,729 shares of the company’s stock after selling 5,963 shares during the period. Gofen & Glossberg LLC IL’s holdings in National Grid PLC were worth $17,189,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NGG. Feltz Wealth PLAN Inc. bought a new position in National Grid PLC during the second quarter valued at approximately $149,000. Integrated Investment Consultants LLC raised its position in National Grid PLC by 1.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,046 shares of the company’s stock valued at $152,000 after buying an additional 36 shares during the period. O Shaughnessy Asset Management LLC raised its position in National Grid PLC by 1.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,273 shares of the company’s stock valued at $169,000 after buying an additional 28 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in National Grid PLC during the second quarter valued at approximately $185,000. Finally, Barclays PLC bought a new position in National Grid PLC during the second quarter valued at approximately $186,000. 5.91% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for National Grid PLC (NYSE:NGG)

Shares of National Grid PLC (NYSE:NGG) traded up 1.81% during midday trading on Monday, hitting $59.05. The stock had a trading volume of 590,622 shares. National Grid PLC has a 12-month low of $57.89 and a 12-month high of $74.97. The firm has a market cap of $44.44 billion, a PE ratio of 17.32 and a beta of 0.50. The firm has a 50-day moving average of $63.93 and a 200 day moving average of $69.76.

The business also recently disclosed a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Friday, November 25th will be issued a dividend of $0.933 per share. The ex-dividend date of this dividend is Tuesday, November 22nd.

NGG has been the topic of several recent research reports. Zacks Investment Research lowered National Grid PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Beaufort Securities reissued a “buy” rating on shares of National Grid PLC in a research report on Sunday, August 21st. Sanford C. Bernstein lowered National Grid PLC from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 7th. Royal Bank Of Canada lowered National Grid PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 29th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of National Grid PLC in a research report on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $76.50.

National Grid PLC Company Profile

National Grid Plc is an electricity and gas utility company. The UK Electricity Transmission includes high voltage electricity transmission networks in Great Britain. Its UK Gas Transmission provides the gas transmission network in Great Britain and UK liquefied natural gas (LNG) storage activities. The Company’s UK Gas Distribution includes four of the eight regional networks of Great Britain’s gas distribution system.

5 Day Chart for NYSE:NGG

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