National Grid plc (NYSE:NGG) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of National Grid plc (NYSE:NGG) by 10.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,808 shares of the utilities provider’s stock after selling 2,640 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in National Grid were worth $1,265,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Leo Wealth LLC acquired a new position in National Grid during the fourth quarter worth about $1,431,000. BNP Paribas Financial Markets acquired a new position in shares of National Grid during the 1st quarter worth approximately $1,372,000. Stifel Financial Corp grew its position in shares of National Grid by 11.6% in the fourth 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 in the last quarter. Capital International Investors purchased a new stake in shares of National Grid in the first quarter valued at approximately $86,218,000. Finally, Atria Investments Inc increased its holdings in shares of National Grid by 19.3% in the first quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider’s stock valued at $4,183,000 after purchasing an additional 9,931 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

NYSE:NGG opened at $69.55 on Monday. The company has a market capitalization of $55.18 billion, a P/E ratio of 14.25, a P/E/G ratio of 4.81 and a beta of 0.61. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The stock’s fifty day moving average is $65.35 and its two-hundred day moving average is $64.58.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, National Grid 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.