Sanctuary Advisors LLC Sells 1,572 Shares of National Grid plc (NYSE:NGG)

Sanctuary Advisors LLC reduced its stake in National Grid plc (NYSE:NGG) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,850 shares of the utilities provider’s stock after selling 1,572 shares during the period. Sanctuary Advisors LLC’s holdings in National Grid were worth $1,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NGG. Rothschild Investment LLC purchased a new position in shares of National Grid in the 2nd quarter valued at approximately $37,000. Fortitude Family Office LLC purchased a new position in shares of National Grid in the third quarter worth $37,000. Eastern Bank purchased a new position in National Grid in the 3rd quarter worth about $42,000. Blue Trust Inc. lifted its position in National Grid by 778.5% during the second quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 942 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of National Grid in the 3rd quarter worth $60,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Stock Performance

National Grid stock opened at $57.68 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The business has a fifty day moving average of $63.52 and a two-hundred day moving average of $63.48.

National Grid Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, November 22nd will be given a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date is Friday, November 22nd.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a report 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 for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.