Verition Fund Management LLC Has $635,000 Holdings in National Grid plc (NYSE:NGG)

Verition Fund Management LLC cut its position in shares of National Grid plc (NYSE:NGG - Free Report) by 67.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,119 shares of the utilities provider's stock after selling 18,943 shares during the quarter. Verition Fund Management LLC's holdings in National Grid were worth $635,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of NGG. Captrust Financial Advisors lifted its holdings in National Grid by 1.8% in the 3rd quarter. Captrust Financial Advisors now owns 22,140 shares of the utilities provider's stock valued at $1,543,000 after acquiring an additional 385 shares during the last quarter. Walleye Capital LLC acquired a new stake in National Grid during the third quarter valued at approximately $962,000. Glenmede Trust Co. NA boosted its holdings in National Grid by 5.9% during the third quarter. Glenmede Trust Co. NA now owns 6,999 shares of the utilities provider's stock worth $488,000 after buying an additional 390 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of National Grid in the third quarter valued at $273,000. Finally, Transamerica Financial Advisors Inc. lifted its position in shares of National Grid by 202,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 2,024 shares of the utilities provider's stock valued at $141,000 after acquiring an additional 2,023 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a report on Wednesday, October 2nd. They issued a "buy" rating on the stock. Citigroup cut National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

National Grid Trading Down 1.4 %

Shares of NGG traded down $0.86 during mid-day trading on Wednesday, reaching $60.08. The company's stock had a trading volume of 620,441 shares, compared to its average volume of 537,194. The business has a fifty day moving average of $64.56 and a 200 day moving average of $63.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.

National Grid Dividend Announcement

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

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.