National Grid plc (NYSE:NGG) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its holdings in National Grid plc (NYSE:NGG) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,032 shares of the utilities provider’s stock after selling 818 shares during the quarter. Sanctuary Advisors LLC’s holdings in National Grid were worth $1,545,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NGG. FMR LLC lifted its position in shares of National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock worth $277,964,000 after buying an additional 1,739,566 shares during the last quarter. Merewether Investment Management LP acquired a new stake in National Grid during the 3rd quarter worth $66,535,000. ABC Arbitrage SA purchased a new stake in National Grid in the fourth quarter valued at $21,706,000. International Assets Investment Management LLC acquired a new position in National Grid in the third quarter valued at $12,222,000. Finally, National Bank of Canada FI grew its holdings in shares of National Grid by 351.1% during the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after purchasing an additional 161,204 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Price Performance

Shares of National Grid stock opened at $62.17 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The company’s fifty day moving average is $59.88 and its two-hundred day moving average is $63.56.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NGG shares. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.