Stifel Financial Corp Sells 2,688 Shares of National Grid plc (NYSE:NGG)

Stifel Financial Corp reduced its holdings in National Grid plc (NYSE:NGG) by 1.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 258,600 shares of the utilities provider’s stock after selling 2,688 shares during the quarter. Stifel Financial Corp’s holdings in National Grid were worth $18,017,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NGG. Blue Trust Inc. grew its holdings in National Grid by 778.5% in the 2nd quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider’s stock valued at $60,000 after buying an additional 942 shares during the last quarter. Gradient Investments LLC raised its stake in National Grid by 8,101.0% during the 2nd quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 8,182 shares during the last quarter. Hennessy Advisors Inc. raised its stake in National Grid by 1.8% during the 2nd quarter. Hennessy Advisors Inc. now owns 161,144 shares of the utilities provider’s stock valued at $9,153,000 after purchasing an additional 2,800 shares during the last quarter. &PARTNERS acquired a new position in National Grid during the 2nd quarter valued at $441,000. Finally, Fullcircle Wealth LLC acquired a new stake in National Grid in the 2nd quarter worth $211,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Trading Up 0.5 %

NYSE NGG opened at $61.58 on Tuesday. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company’s 50-day simple moving average is $64.74 and its 200 day simple moving average is $63.55.

National Grid Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.