National Grid plc (NYSE:NGG) Shares Sold by Eaton Financial Holdings Company LLC

Eaton Financial Holdings Company LLC trimmed its stake in shares of National Grid plc (NYSE:NGGFree Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,870 shares of the utilities provider’s stock after selling 5,231 shares during the quarter. National Grid accounts for 1.4% of Eaton Financial Holdings Company LLC’s holdings, making the stock its 19th largest holding. Eaton Financial Holdings Company LLC’s holdings in National Grid were worth $5,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NGG. UMB Bank n.a. grew its stake in shares of National Grid by 22.7% during the fourth quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 153 shares in the last quarter. NBC Securities Inc. boosted its position in shares of National Grid by 3.5% during the 4th quarter. NBC Securities Inc. now owns 4,514 shares of the utilities provider’s stock worth $306,000 after acquiring an additional 154 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of National Grid by 14.5% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock valued at $98,000 after acquiring an additional 183 shares during the last quarter. Keybank National Association OH raised its position in shares of National Grid by 4.9% during the 3rd quarter. Keybank National Association OH now owns 3,965 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 184 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in National Grid by 18.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,301 shares of the utilities provider’s stock worth $89,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

NGG stock traded down $1.03 on Monday, hitting $60.69. The company’s stock had a trading volume of 1,041,900 shares, compared to its average volume of 394,517. National Grid plc has a 1 year low of $56.40 and a 1 year high of $73.40. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. The firm has a 50 day moving average of $67.77 and a two-hundred day moving average of $67.05.

National Grid Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 7th will be given a $2.4939 dividend. This represents a yield of 6%. The ex-dividend date is Friday, June 7th. This is a boost from National Grid’s previous semi-annual dividend of $1.19.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 2nd. Jefferies Financial Group raised shares of National Grid from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Grid has a consensus rating of “Moderate Buy” and a consensus price target of $1,050.00.

Read Our Latest Report on National Grid

National Grid Profile

(Free Report)

National Grid plc transmits and distributes electricity and gas. The company 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.

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

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