AMG National Trust Bank reduced its stake in National Grid plc (NYSE:NGG - Free Report) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,820 shares of the utilities provider's stock after selling 4,280 shares during the period. AMG National Trust Bank's holdings in National Grid were worth $700,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of NGG. Whipplewood Advisors LLC purchased a new stake in National Grid during the 4th quarter valued at about $25,000. Rothschild Investment LLC grew its holdings in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after buying an additional 192 shares during the last quarter. Eastern Bank increased its position in shares of National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider's stock valued at $55,000 after acquiring an additional 320 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of National Grid during the third quarter valued at approximately $60,000. Finally, IFP Advisors Inc raised its holdings in National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock worth $62,000 after acquiring an additional 174 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have commented on NGG. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".
View Our Latest Analysis on National Grid
National Grid Stock Performance
NYSE:NGG traded up $0.03 during trading hours on Wednesday, reaching $62.28. The company had a trading volume of 600,479 shares, compared to its average volume of 732,095. The firm's 50 day moving average price is $60.51 and its 200-day moving average price is $63.33. The firm has a market cap of $60.93 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 5.64 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.
About National Grid
(
Free Report)
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.
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