Yousif Capital Management LLC Decreases Stock Position in National Grid plc (NYSE:NGG)

Yousif Capital Management LLC trimmed its position in shares of National Grid plc (NYSE:NGG) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,159 shares of the utilities provider’s stock after selling 181 shares during the quarter. Yousif Capital Management LLC’s holdings in National Grid were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Brown Lisle Cummings Inc. grew its stake in shares of National Grid by 11.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 5,040 shares of the utilities provider’s stock valued at $299,000 after buying an additional 500 shares during the last quarter. Optas LLC boosted its holdings in National Grid by 17.0% during the 4th quarter. Optas LLC now owns 7,866 shares of the utilities provider’s stock valued at $467,000 after acquiring an additional 1,141 shares during the period. Barry Investment Advisors LLC grew its position in National Grid by 21.2% in the 4th quarter. Barry Investment Advisors LLC now owns 9,074 shares of the utilities provider’s stock valued at $548,000 after acquiring an additional 1,587 shares during the last quarter. Pacer Advisors Inc. increased its stake in National Grid by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 8,620 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 340 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of National Grid by 92.9% during the fourth quarter. Blue Trust Inc. now owns 9,774 shares of the utilities provider’s stock worth $581,000 after purchasing an additional 4,707 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, National Grid currently has an average rating of “Moderate Buy”.

National Grid Stock Down 0.9 %

Shares of NYSE NGG opened at $60.73 on Friday. The company has a 50 day simple moving average of $59.76 and a two-hundred day simple moving average of $63.66. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 12 month low of $55.13 and a 12 month 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.