Clearbridge Investments LLC Decreases Stake in National Grid plc (NYSE:NGG)

Clearbridge Investments LLC trimmed its holdings in National Grid plc (NYSE:NGG - Free Report) by 16.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 149,169 shares of the utilities provider's stock after selling 28,995 shares during the period. Clearbridge Investments LLC's holdings in National Grid were worth $8,864,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of National Grid during the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its stake in National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after buying an additional 198 shares during the period. Larson Financial Group LLC increased its position in shares of National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 415 shares during the last quarter. Rothschild Investment LLC raised its stake in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 192 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of National Grid in the 3rd quarter worth approximately $60,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Stock Down 4.5 %

NGG traded down $2.98 during trading hours on Monday, hitting $62.95. 1,507,292 shares of the company's stock were exchanged, compared to its average volume of 630,560. The firm has a market cap of $61.60 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. National Grid plc has a 12-month low of $54.24 and a 12-month high of $72.21. 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 firm has a 50 day moving average of $62.56 and a 200 day moving average of $62.83.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on NGG. Citigroup upgraded 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 report on Monday, March 17th. Finally, StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, National Grid presently has an average rating of "Moderate Buy".

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.