Romano Brothers AND Company Sells 732 Shares of National Grid plc (NYSE:NGG)

Romano Brothers AND Company trimmed its stake in National Grid plc (NYSE:NGG) by 4.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 14,622 shares of the utilities provider’s stock after selling 732 shares during the period. Romano Brothers AND Company’s holdings in National Grid were worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. First Bank & Trust grew its position in National Grid by 3.0% during the first quarter. First Bank & Trust now owns 53,996 shares of the utilities provider’s stock worth $3,684,000 after buying an additional 1,590 shares in the last quarter. Elevated Capital Advisors LLC grew its holdings in shares of National Grid by 4.7% during the 1st quarter. Elevated Capital Advisors LLC now owns 24,506 shares of the utilities provider’s stock worth $1,672,000 after purchasing an additional 1,090 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in shares of National Grid by 16.1% during the first quarter. Gilman Hill Asset Management LLC now owns 34,039 shares of the utilities provider’s stock valued at $2,322,000 after purchasing an additional 4,708 shares during the period. Ballentine Partners LLC raised its stake in shares of National Grid by 10.9% in the first quarter. Ballentine Partners LLC now owns 8,685 shares of the utilities provider’s stock valued at $592,000 after purchasing an additional 856 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in National Grid by 69.2% in the first quarter. Park Avenue Securities LLC now owns 29,036 shares of the utilities provider’s stock worth $1,981,000 after purchasing an additional 11,876 shares during the period. Institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on NGG. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, 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 assigned a buy rating to the stock. According to data from MarketBeat, National Grid has an average rating of “Moderate Buy”.

National Grid Stock Up 0.2 %

Shares of NGG stock opened at $56.80 on Friday. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The firm has a 50-day moving average price of $63.16 and a 200 day moving average price of $65.74.

National Grid Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 7th will be paid a $2.4939 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a dividend yield of 6%. This is a boost from National Grid’s previous semi-annual dividend of $1.19.

National Grid Profile

National Grid plc transmits and distributes electricity and gas. The company 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.