National Grid plc (NYSE:NGG) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lessened its holdings in shares of National Grid plc (NYSE:NGG) by 38.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,431 shares of the utilities provider’s stock after selling 3,392 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in National Grid were worth $308,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. RFP Financial Group LLC raised its holdings in National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Headlands Technologies LLC acquired a new stake in National Grid during the 1st quarter worth $27,000. Richardson Financial Services Inc. purchased a new stake in National Grid in the first quarter valued at $28,000. Bessemer Group Inc. acquired a new position in National Grid in the first quarter valued at $29,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of National Grid during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Trading Down 0.1 %

Shares of NGG opened at $69.27 on Friday. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The firm has a 50-day simple moving average of $64.33 and a 200-day simple moving average of $64.49. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently 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.