National Grid plc (NYSE:NGG) Shares Sold by Argent Trust Co

Argent Trust Co trimmed its stake in shares of National Grid plc (NYSE:NGG) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,926 shares of the utilities provider’s stock after selling 1,041 shares during the quarter. Argent Trust Co’s holdings in National Grid were worth $621,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. RFP Financial Group LLC grew its position in shares of 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 buying an additional 200 shares in the last quarter. Headlands Technologies LLC acquired a new position in National Grid during the 1st quarter worth approximately $27,000. Richardson Financial Services Inc. purchased a new stake in shares of National Grid in the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in shares of National Grid in the 4th quarter valued at $29,000. Finally, Bessemer Group Inc. purchased a new stake in shares of National Grid during the 1st quarter worth $29,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. Citigroup upgraded 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 stock. According to data from MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NYSE:NGG opened at $68.84 on Friday. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The firm has a market capitalization of $54.62 billion, a P/E ratio of 14.11, a P/E/G ratio of 4.81 and a beta of 0.61. 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 company’s fifty day moving average price is $65.20 and its 200 day moving average price is $64.62.

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.