Romano Brothers AND Company Sells 425 Shares of National Grid plc (NYSE:NGG)

Romano Brothers AND Company lowered its position in National Grid plc (NYSE:NGG) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,922 shares of the utilities provider’s stock after selling 425 shares during the quarter. Romano Brothers AND Company’s holdings in National Grid were worth $970,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NGG. First Bank & Trust boosted its holdings in National Grid by 3.0% during the first quarter. First Bank & Trust now owns 53,996 shares of the utilities provider’s stock valued at $3,684,000 after purchasing an additional 1,590 shares in the last quarter. Optas LLC boosted its stake in National Grid by 5.3% in the 1st quarter. Optas LLC now owns 6,163 shares of the utilities provider’s stock valued at $420,000 after buying an additional 308 shares in the last quarter. LVW Advisors LLC bought a new stake in National Grid in the first quarter valued at $322,000. Allspring Global Investments Holdings LLC grew its position in National Grid by 7,995.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,862 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 1,839 shares during the period. Finally, Naviter Wealth LLC lifted its holdings in shares of National Grid by 7.8% during the first quarter. Naviter Wealth LLC now owns 16,325 shares of the utilities provider’s stock valued at $1,114,000 after acquiring an additional 1,177 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Price Performance

NYSE:NGG opened at $66.34 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The stock’s fifty day simple moving average is $67.57 and its 200-day simple moving average is $64.58.

Analysts Set New Price Targets

A number of equities analysts have commented on NGG shares. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy”.

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.