Atria Investments Inc Has $3.58 Million Position in National Grid plc (NYSE:NGG)

Atria Investments Inc trimmed its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,268 shares of the utilities provider's stock after selling 4,473 shares during the period. Atria Investments Inc's holdings in National Grid were worth $3,581,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of National Grid in the fourth quarter worth $25,000. Rothschild Investment LLC raised its holdings in National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after acquiring an additional 192 shares in the last quarter. Quantbot Technologies LP acquired a new position in National Grid during the third quarter valued at approximately $60,000. Eastern Bank grew its stake in National Grid by 52.7% in the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 320 shares in the last quarter. Finally, Addison Advisors LLC increased its position in shares of National Grid by 267.9% during the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider's stock worth $69,000 after purchasing an additional 718 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NGG shares. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, National Grid presently has an average rating of "Moderate Buy".

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National Grid Stock Performance

Shares of NYSE:NGG traded up $0.03 on Wednesday, hitting $62.28. The company had a trading volume of 540,543 shares, compared to its average volume of 728,771. The stock has a 50 day moving average price of $60.51 and a 200 day moving average price of $63.33. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a market cap of $60.93 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 5.64 and a beta of 0.63. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40.

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.