National Grid plc (NYSE:NGG) Shares Sold by Lantz Financial LLC

Lantz Financial LLC reduced its holdings in National Grid plc (NYSE:NGG) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,488 shares of the utilities provider’s stock after selling 274 shares during the quarter. Lantz Financial LLC’s holdings in National Grid were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after buying an additional 1,739,566 shares during the period. Merewether Investment Management LP purchased a new stake in National Grid in the third quarter valued at approximately $66,535,000. Ausbil Investment Management Ltd acquired a new position in National Grid during the third quarter worth approximately $62,421,000. Bank of Montreal Can raised its stake in National Grid by 3.1% during the third quarter. Bank of Montreal Can now owns 553,394 shares of the utilities provider’s stock worth $38,588,000 after purchasing an additional 16,610 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in National Grid during the third quarter worth approximately $38,021,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Stock Down 0.7 %

Shares of NGG stock opened at $60.28 on Friday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The firm’s 50 day moving average price is $60.23 and its two-hundred day moving average price is $63.72. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, November 22nd were given a dividend of $2.4939 per share. The ex-dividend date was Friday, November 22nd. This represents a yield of 4%.

About National Grid

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.