Private Advisor Group LLC Sells 564 Shares of National Grid plc (NYSE:NGG)

Private Advisor Group LLC trimmed its holdings in shares of National Grid plc (NYSE:NGG) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,724 shares of the utilities provider’s stock after selling 564 shares during the period. Private Advisor Group LLC’s holdings in National Grid were worth $459,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Moors & Cabot Inc. boosted its holdings in shares of National Grid by 3.2% during the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after buying an additional 175 shares in the last quarter. Carr Financial Group Corp lifted its holdings in shares of National Grid by 3.9% in the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 205 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in National Grid by 5.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock valued at $346,000 after acquiring an additional 242 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in National Grid by 2.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider’s stock valued at $720,000 after acquiring an additional 275 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on NGG. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, National Grid currently has an average rating of “Moderate Buy”.

National Grid Trading Down 0.7 %

Shares of NGG opened at $61.72 on Tuesday. The business has a 50-day moving average of $60.24 and a 200 day moving average of $63.49. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The firm has a market cap of $60.39 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. 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 Company 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.