Choreo LLC Lowers Stock Position in National Grid plc (NYSE:NGG)

Choreo LLC cut its holdings in National Grid plc (NYSE:NGG) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,519 shares of the utilities provider’s stock after selling 1,011 shares during the quarter. Choreo LLC’s holdings in National Grid were worth $513,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NGG. Lockheed Martin Investment Management Co. purchased a new stake in National Grid in the fourth quarter worth about $2,418,000. Groesbeck Investment Management Corp NJ bought a new stake in shares of National Grid in the 4th quarter worth approximately $353,000. Brown Lisle Cummings Inc. boosted its position in shares of National Grid by 11.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 5,040 shares of the utilities provider’s stock worth $299,000 after purchasing an additional 500 shares in the last quarter. Optas LLC grew its stake in shares of National Grid by 17.0% in the 4th quarter. Optas LLC now owns 7,866 shares of the utilities provider’s stock worth $467,000 after buying an additional 1,141 shares during the last quarter. Finally, Barry Investment Advisors LLC increased its position in National Grid by 21.2% during the 4th quarter. Barry Investment Advisors LLC now owns 9,074 shares of the utilities provider’s stock valued at $548,000 after buying an additional 1,587 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

National Grid Stock Down 0.1 %

Shares of National Grid stock opened at $61.46 on Wednesday. The company has a 50-day simple moving average of $59.85 and a two-hundred day simple moving average of $63.74. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

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.