National Grid plc (NYSE:NGG) Shares Sold by GSB Wealth Management LLC

GSB Wealth Management LLC lessened its holdings in National Grid plc (NYSE:NGG) by 8.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,135 shares of the utilities provider’s stock after selling 500 shares during the quarter. GSB Wealth Management LLC’s holdings in National Grid were worth $358,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. 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 worth $25,000 after purchasing an additional 200 shares during the period. Headlands Technologies LLC bought a new position in National Grid during the 1st quarter worth $27,000. Richardson Financial Services Inc. acquired a new stake in National Grid in the first quarter worth $28,000. Bessemer Group Inc. bought a new stake in National Grid in the first quarter valued at $29,000. Finally, Fortitude Family Office LLC acquired a new position in shares of National Grid during the third quarter valued at $37,000. Institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

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

National Grid Stock Down 0.1 %

Shares of NGG opened at $65.07 on Thursday. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The stock’s fifty day moving average is $67.64 and its 200-day moving average is $64.59. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84.

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.