TD Private Client Wealth LLC Lowers Position in National Grid plc (NYSE:NGG)

TD Private Client Wealth LLC lowered its stake in National Grid plc (NYSE:NGG) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,119 shares of the utilities provider’s stock after selling 1,758 shares during the quarter. TD Private Client Wealth LLC’s holdings in National Grid were worth $4,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NGG. Fortitude Family Office LLC purchased a new stake in shares of National Grid in the third quarter worth $37,000. Eastern Bank purchased a new stake in National Grid in the 3rd quarter worth $42,000. Rothschild Investment LLC purchased a new position in shares of National Grid during the second quarter valued at about $37,000. Quantbot Technologies LP purchased a new position in National Grid during the 3rd quarter valued at approximately $60,000. Finally, Addison Advisors LLC grew its holdings in shares of National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 718 shares in the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NGG shares. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Trading Down 1.4 %

NYSE NGG opened at $60.08 on Thursday. The company’s 50-day simple moving average is $64.56 and its two-hundred day simple moving average is $63.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a one year low of $55.13 and a one year high of $73.40.

National Grid Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be given a $2.4939 dividend. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.

National Grid Company 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.