National Grid plc (NYSE:NGG) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in National Grid plc (NYSE:NGG - Free Report) by 57.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 quarter.

A number of other large investors also recently bought and sold shares of NGG. FMR LLC grew its stake in National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after purchasing an additional 1,739,566 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of National Grid in the 3rd quarter valued at about $62,421,000. Hsbc Holdings PLC increased its position in National Grid by 11,704.2% during the second quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider's stock worth $36,917,000 after buying an additional 644,553 shares during the period. Bank of Montreal Can lifted its stake in National Grid by 3.1% in the third quarter. Bank of Montreal Can now owns 553,394 shares of the utilities provider's stock valued at $38,588,000 after buying an additional 16,610 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of National Grid in the third quarter valued at approximately $38,021,000. Institutional investors and hedge funds own 4.68% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NGG. Citigroup downgraded shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research report on Wednesday, October 2nd. They set a "buy" rating for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

National Grid Stock Down 0.6 %

NYSE NGG traded down $0.41 on Tuesday, hitting $62.97. 404,950 shares of the company's stock were exchanged, compared to its average volume of 538,639. The firm's 50-day moving average price is $65.67 and its two-hundred day moving average price is $63.91. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

National Grid Announces Dividend

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

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.