National Grid plc (NYSE:NGG) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in shares of National Grid plc (NYSE:NGG) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,783 shares of the utilities provider’s stock after selling 377 shares during the quarter. Whittier Trust Co.’s holdings in National Grid were worth $1,159,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC grew its holdings in National Grid by 79.3% during the 2nd quarter. AE Wealth Management LLC now owns 23,017 shares of the utilities provider’s stock worth $1,224,000 after acquiring an additional 10,183 shares in the last quarter. Miller Howard Investments Inc. NY grew its holdings in National Grid by 195.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 288,300 shares of the utilities provider’s stock worth $15,332,000 after acquiring an additional 190,703 shares in the last quarter. Gradient Investments LLC grew its holdings in National Grid by 45.7% during the 2nd quarter. Gradient Investments LLC now owns 30,389 shares of the utilities provider’s stock worth $1,616,000 after acquiring an additional 9,538 shares in the last quarter. Old Port Advisors grew its holdings in National Grid by 1.0% during the 2nd quarter. Old Port Advisors now owns 57,103 shares of the utilities provider’s stock worth $3,102,000 after acquiring an additional 570 shares in the last quarter. Finally, Smith Salley & Associates grew its holdings in National Grid by 0.8% during the 2nd quarter. Smith Salley & Associates now owns 35,585 shares of the utilities provider’s stock worth $1,892,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 5.71% of the company’s stock.

NGG stock traded down $0.09 during mid-day trading on Friday, hitting $51.90. 452,093 shares of the company were exchanged, compared to its average volume of 424,247. The firm has a market cap of $35.34 billion, a P/E ratio of 13.55, a PEG ratio of 10.05 and a beta of 0.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. National Grid plc has a twelve month low of $46.36 and a twelve month high of $59.01. The stock’s fifty day moving average is $52.82.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Friday, May 31st will be issued a $2.0256 dividend. The ex-dividend date is Thursday, May 30th. National Grid’s dividend payout ratio (DPR) is presently 104.70%.

NGG has been the subject of several recent analyst reports. Zacks Investment Research raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Friday, June 14th. Deutsche Bank raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Finally, Macquarie initiated coverage on shares of National Grid in a report on Monday, June 17th. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.00.

National Grid Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

Featured Article: Day Trading

Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG).

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

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.