Healthcare of Ontario Pension Plan Trust Fund Decreases Stake in National Grid plc (NYSE:NGG)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of National Grid plc (NYSE:NGG) by 57.3% during the third quarter, HoldingsChannel.com reports. The fund owned 8,246 shares of the utilities provider’s stock after selling 11,054 shares during the period. 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.

Several other large investors also recently bought and sold shares of the business. Rothschild Investment LLC acquired a new position in shares of National Grid during the 2nd quarter worth approximately $37,000. Fortitude Family Office LLC acquired a new position in National Grid during the third quarter worth $37,000. Eastern Bank purchased a new stake in National Grid in the 3rd quarter valued at $42,000. Mather Group LLC. grew its holdings in National Grid by 89.9% in the 2nd quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $51,000 after buying an additional 426 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of National Grid by 778.5% in the 2nd quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Stock Down 0.5 %

NYSE NGG opened at $63.39 on Tuesday. The stock has a fifty day simple moving average of $65.67 and a 200-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 twelve month low of $55.13 and a twelve month high of $73.40.

National Grid Announces Dividend

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 given a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date is Friday, November 22nd.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

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.