Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in National Grid plc (NYSE:NGG - Free Report) by 57.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,246 shares of the utilities provider's stock after selling 11,054 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in National Grid were worth $574,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in National Grid in the 3rd quarter worth approximately $37,000. Eastern Bank acquired a new stake in shares of National Grid during the third quarter worth $42,000. Rothschild Investment LLC purchased a new stake in shares of National Grid during the second quarter valued at $37,000. Quantbot Technologies LP acquired a new position in shares of National Grid in the 3rd quarter valued at $60,000. Finally, Mather Group LLC. raised its stake in National Grid by 89.9% in the 2nd quarter. Mather Group LLC. now owns 900 shares of the utilities provider's stock worth $51,000 after acquiring an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company's stock.
NGG has been the topic of several research analyst reports. Citigroup downgraded National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a report on Wednesday, October 2nd. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on NGG
NYSE NGG opened at $63.39 on Tuesday. The stock has a 50-day simple moving average of $65.67 and a two-hundred day simple moving average of $63.91. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.
The business also recently declared 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 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.
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