National Grid plc (NYSE:NGG) Stock Position Trimmed by Capital International Investors

Capital International Investors reduced its holdings in National Grid plc (NYSE:NGG - Free Report) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,127,470 shares of the utilities provider's stock after selling 143,426 shares during the quarter. Capital International Investors owned about 0.12% of National Grid worth $66,758,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new position in National Grid during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. grew its holdings in National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC increased its position in National Grid by 145.6% during the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock worth $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC raised its position in shares of National Grid by 36.2% in 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. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in National Grid in the 4th quarter valued at $53,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

National Grid Stock Performance

Shares of National Grid stock traded up $1.49 during trading hours on Tuesday, reaching $74.39. The company's stock had a trading volume of 1,466,652 shares, compared to its average volume of 667,678. 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's 50 day simple moving average is $64.45 and its 200 day simple moving average is $62.87. National Grid plc has a one year low of $54.24 and a one year high of $74.80. The stock has a market cap of $72.78 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58.

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.