LPL Financial LLC decreased its holdings in National Grid plc (NYSE:NGG – Free Report) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 738,973 shares of the utilities provider’s stock after selling 26,002 shares during the period. LPL Financial LLC owned approximately 0.09% of National Grid worth $41,974,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in NGG. Capital International Investors purchased a new stake in shares of National Grid in the 1st quarter valued at approximately $86,218,000. Wells Fargo & Company MN grew its stake in shares of National Grid by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,215,723 shares of the utilities provider’s stock valued at $82,657,000 after buying an additional 113,208 shares during the period. Bank of New York Mellon Corp grew its stake in shares of National Grid by 128.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 148,184 shares of the utilities provider’s stock valued at $8,417,000 after buying an additional 83,310 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of National Grid by 5.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,286,459 shares of the utilities provider’s stock valued at $87,466,000 after buying an additional 70,730 shares during the period. Finally, Prosperity Consulting Group LLC purchased a new stake in shares of National Grid in the 1st quarter valued at approximately $3,712,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.
National Grid Price Performance
NYSE NGG opened at $69.60 on Monday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average of $64.52 and a two-hundred day moving average of $64.50.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on National Grid
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.
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