National Grid plc (NYSE:NGG) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its holdings in shares of National Grid plc (NYSE:NGG) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,379 shares of the utilities provider’s stock after selling 5,997 shares during the quarter. Park Avenue Securities LLC’s holdings in National Grid were worth $1,629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NGG. Mayflower Financial Advisors LLC grew its holdings in shares of National Grid by 4.5% during the first quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 160 shares during the last quarter. RFP Financial Group LLC lifted its stake in National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of National Grid by 3.0% in the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 203 shares during the period. Dearborn Partners LLC grew its position in shares of National Grid by 5.5% during the first quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock worth $281,000 after acquiring an additional 213 shares during the last quarter. Finally, Bailard Inc. increased its holdings in shares of National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 217 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. Finally, Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Trading Down 1.5 %

Shares of National Grid stock opened at $65.50 on Tuesday. The firm has a market cap of $51.97 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 4.89 and a beta of 0.61. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company’s 50-day simple moving average is $66.81 and its 200-day simple moving average is $64.67. 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 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.