National Grid plc (NYSE:NGG) Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its position in National Grid plc (NYSE:NGG) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,573 shares of the utilities provider’s stock after selling 426 shares during the period. TD Asset Management Inc’s holdings in National Grid were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted 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 purchasing an additional 70,730 shares during the period. Capital International Investors acquired a new position in shares of National Grid in the 1st quarter valued at $86,218,000. Wells Fargo & Company MN lifted 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 purchasing an additional 113,208 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of National Grid by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 670,631 shares of the utilities provider’s stock valued at $45,596,000 after purchasing an additional 5,934 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of National Grid by 11.6% in the 4th quarter. Stifel Financial Corp now owns 247,902 shares of the utilities provider’s stock valued at $16,855,000 after purchasing an additional 25,673 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on NGG. The Goldman Sachs Group raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Trading Up 0.5 %

Shares of NYSE NGG opened at $69.60 on Monday. The firm has a fifty day moving average of $64.52 and a 200 day moving average of $64.50. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. National Grid plc has a one year low of $55.13 and a one year high of $73.40.

National Grid 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.