Mercer Global Advisors Inc. ADV Has $4.09 Million Stock Position in National Grid plc (NYSE:NGG)

Mercer Global Advisors Inc. ADV cut its stake in shares of National Grid plc (NYSE:NGG) by 25.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,985 shares of the utilities provider’s stock after selling 24,360 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in National Grid were worth $4,089,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. RFP Financial Group LLC increased its holdings in National Grid by 119.8% in 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 in the last quarter. Headlands Technologies LLC acquired a new position in shares of National Grid in the first quarter valued at approximately $27,000. Richardson Financial Services Inc. bought a new position in National Grid in the 1st quarter valued at approximately $28,000. Creekmur Asset Management LLC bought a new position in National Grid in the 4th quarter valued at approximately $29,000. Finally, Bessemer Group Inc. acquired a new stake in National Grid during the 1st quarter worth approximately $29,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Up 1.0 %

Shares of NYSE NGG opened at $69.55 on Friday. The company’s 50 day moving average price is $65.35 and its 200-day moving average price is $64.61. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company has a market capitalization of $55.18 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 4.81 and a beta of 0.61.

Wall Street Analysts Forecast Growth

NGG has been the subject of several recent research reports. Citigroup upgraded shares of 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 report on Wednesday, June 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.