SYSTM Wealth Solutions LLC Decreases Stock Position in National Grid plc (NYSE:NGG)

SYSTM Wealth Solutions LLC decreased its holdings in shares of National Grid plc (NYSE:NGG) by 54.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 472 shares of the utilities provider’s stock after selling 561 shares during the period. SYSTM Wealth Solutions LLC’s holdings in National Grid were worth $27,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in National Grid by 5.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,286,459 shares of the utilities provider’s stock worth $87,466,000 after purchasing an additional 70,730 shares in the last quarter. Capital International Investors acquired a new stake in shares of National Grid during the first quarter worth $86,218,000. Wells Fargo & Company MN grew its holdings in shares of National Grid by 10.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,215,723 shares of the utilities provider’s stock valued at $82,657,000 after buying an additional 113,208 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Grid by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 670,631 shares of the utilities provider’s stock valued at $45,596,000 after acquiring an additional 5,934 shares during the period. Finally, Stifel Financial Corp raised its stake in National Grid by 11.6% in the 4th quarter. Stifel Financial Corp now owns 247,902 shares of the utilities provider’s stock worth $16,855,000 after acquiring an additional 25,673 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Monday, June 3rd. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

National Grid Trading Down 1.7 %

NYSE NGG opened at $68.84 on Friday. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The company has a market capitalization of $54.62 billion, a PE ratio of 14.11, a P/E/G ratio of 4.81 and a beta of 0.61. The company has a fifty day moving average of $65.20 and a 200 day moving average of $64.62.

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.