Bank of Montreal Can Sells 88,096 Shares of National Grid plc (NYSE:NGG)

Bank of Montreal Can cut its holdings in National Grid plc (NYSE:NGG - Free Report) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 465,298 shares of the utilities provider's stock after selling 88,096 shares during the period. Bank of Montreal Can's holdings in National Grid were worth $27,648,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NGG. Certior Financial Group LLC bought a new stake in National Grid during the 4th quarter valued at approximately $226,000. FMR LLC lifted its holdings in shares of National Grid by 11.9% during the fourth quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after buying an additional 473,172 shares during the last quarter. Pitcairn Co. boosted its position in shares of National Grid by 7.9% in the fourth quarter. Pitcairn Co. now owns 3,874 shares of the utilities provider's stock valued at $230,000 after acquiring an additional 285 shares during the period. World Investment Advisors grew its stake in shares of National Grid by 19.0% in the fourth quarter. World Investment Advisors now owns 8,918 shares of the utilities provider's stock worth $530,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in National Grid during the fourth quarter worth $164,000. Institutional investors own 4.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NGG shares. Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. Finally, StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

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National Grid Price Performance

NYSE NGG traded up $1.78 during trading on Tuesday, reaching $71.17. 1,215,511 shares of the company traded hands, compared to its average volume of 648,821. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market cap of $69.63 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 5.64 and a beta of 0.58. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. The stock's 50 day moving average price is $63.12 and its two-hundred day moving average price is $62.66.

About National Grid

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.