Envestnet Asset Management Inc. Has $67.99 Million Position in National Grid plc (NYSE:NGG)

Envestnet Asset Management Inc. reduced its position in National Grid plc (NYSE:NGG - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,144,238 shares of the utilities provider's stock after selling 100,165 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of National Grid worth $67,991,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of National Grid in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. boosted its holdings in National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 198 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 415 shares during the period. Rothschild Investment LLC raised its holdings 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 worth $43,000 after buying an additional 192 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of National Grid in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 4.68% of the company's stock.

Analyst Ratings Changes

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

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National Grid Price Performance

NGG traded up $2.45 during trading on Friday, hitting $68.04. The company's stock had a trading volume of 962,816 shares, compared to its average volume of 643,896. National Grid plc has a 12 month low of $54.24 and a 12 month high of $72.21. The stock has a market capitalization of $66.57 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The firm's 50 day moving average price is $62.99 and its two-hundred day moving average price is $62.72.

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.