O ROURKE & COMPANY Inc Sells 1,121 Shares of National Grid plc (NYSE:NGG)

O ROURKE & COMPANY Inc lessened its stake in National Grid plc (NYSE:NGG) by 15.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,950 shares of the utilities provider’s stock after selling 1,121 shares during the period. O ROURKE & COMPANY Inc’s holdings in National Grid were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC grew its position in shares of National Grid by 26.0% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,082 shares of the utilities provider’s stock valued at $61,000 after buying an additional 223 shares during the last quarter. Gilman Hill Asset Management LLC grew its position in shares of National Grid by 10.9% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 37,744 shares of the utilities provider’s stock valued at $2,144,000 after buying an additional 3,705 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of National Grid by 1.2% in the 2nd quarter. Park Avenue Securities LLC now owns 29,376 shares of the utilities provider’s stock valued at $1,669,000 after buying an additional 340 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of National Grid in the 2nd quarter valued at about $213,000. Finally, Mather Group LLC. grew its position in shares of National Grid by 89.9% in the 2nd quarter. Mather Group LLC. now owns 900 shares of the utilities provider’s stock valued at $51,000 after buying an additional 426 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.1 %

Shares of NYSE:NGG traded up $0.08 during midday trading on Friday, reaching $64.43. The company’s stock had a trading volume of 324,077 shares, compared to its average volume of 568,925. The firm has a market capitalization of $51.12 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 5.74 and a beta of 0.61. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. The firm has a 50 day moving average price of $60.55 and a two-hundred day moving average price of $64.36. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.

National Grid Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 7th were paid a $2.4939 dividend. This represents a dividend yield of 6%. This is an increase from National Grid’s previous semi-annual dividend of $1.19. The ex-dividend date of this dividend was Friday, June 7th. National Grid’s payout ratio is currently 103.35%.

Analysts Set New Price Targets

A number of research firms have commented on NGG. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Company 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.