Barclays PLC Sells 60,000 Shares of National Grid plc (NYSE:NGG)

Barclays PLC reduced its stake in shares of National Grid plc (NYSE:NGG) by 71.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,800 shares of the utilities provider’s stock after selling 60,000 shares during the quarter. Barclays PLC’s holdings in National Grid were worth $1,658,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of National Grid by 8.9% in the 2nd quarter. Rhumbline Advisers now owns 16,834 shares of the utilities provider’s stock valued at $956,000 after purchasing an additional 1,381 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in National Grid in the second quarter valued at approximately $68,000. Choreo LLC acquired a new stake in National Grid in the 2nd quarter valued at $412,000. Headlands Technologies LLC grew its holdings in shares of National Grid by 313.8% during the second quarter. Headlands Technologies LLC now owns 1,655 shares of the utilities provider’s stock valued at $94,000 after buying an additional 1,255 shares during the last quarter. Finally, HBK Sorce Advisory LLC boosted its stake in National Grid by 5.4% during the 2nd quarter. HBK Sorce Advisory LLC now owns 6,691 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 342 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

National Grid Stock Down 3.3 %

Shares of NYSE NGG opened at $56.09 on Friday. The business has a 50-day simple moving average of $61.13 and a two-hundred day simple moving average of $63.70. 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 plc has a 52 week low of $55.13 and a 52 week high of $73.40. The company has a market cap of $54.81 billion, a P/E ratio of 11.61, a P/E/G ratio of 5.49 and a beta of 0.62.

National Grid Dividend Announcement

The company 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 dividend of $2.4939 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 4%. National Grid’s dividend payout ratio (DPR) is currently 41.61%.

National Grid 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.