Plimoth Trust Co. LLC Sells 685 Shares of National Grid plc (NYSE:NGG)

Plimoth Trust Co. LLC reduced its position in National Grid plc (NYSE:NGG) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,009 shares of the utilities provider’s stock after selling 685 shares during the period. Plimoth Trust Co. LLC’s holdings in National Grid were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NGG. RFP Financial Group LLC raised its position in shares of National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of National Grid in the 1st quarter valued at about $27,000. Richardson Financial Services Inc. bought a new position in National Grid during the 1st quarter worth approximately $28,000. Bessemer Group Inc. acquired a new position in National Grid during the first quarter valued at approximately $29,000. Finally, Mather Group LLC. bought a new stake in National Grid in the first quarter valued at approximately $32,000. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

National Grid Stock Down 1.4 %

Shares of National Grid stock traded down $0.97 on Monday, reaching $67.03. 327,815 shares of the company were exchanged, compared to its average volume of 535,844. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average of $67.42 and a 200 day moving average of $64.58. The company has a market capitalization of $53.18 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 4.50 and a beta of 0.61.

About National Grid

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.