Advisory Services Network LLC Reduces Stock Holdings in National Grid plc (NYSE:NGG)

Advisory Services Network LLC lessened its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,609 shares of the utilities provider's stock after selling 6,445 shares during the quarter. Advisory Services Network LLC's holdings in National Grid were worth $1,759,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NGG. Invesco Ltd. increased its holdings in shares of National Grid by 3.2% in the fourth quarter. Invesco Ltd. now owns 537,269 shares of the utilities provider's stock valued at $31,925,000 after purchasing an additional 16,409 shares during the last quarter. Certior Financial Group LLC acquired a new stake in shares of National Grid in the fourth quarter valued at $226,000. FMR LLC grew its position in National Grid by 11.9% in the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock valued at $265,185,000 after acquiring an additional 473,172 shares in the last quarter. Pitcairn Co. increased its stake in National Grid by 7.9% during the 4th quarter. Pitcairn Co. now owns 3,874 shares of the utilities provider's stock worth $230,000 after buying an additional 285 shares during the period. Finally, World Investment Advisors increased its position in shares of National Grid by 19.0% during 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 period. Hedge funds and other institutional investors own 4.68% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on NGG. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a 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 report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

National Grid Stock Performance

Shares of NGG stock traded up $1.69 during mid-day trading on Tuesday, hitting $71.08. The stock had a trading volume of 1,700,049 shares, compared to its average volume of 651,596. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company's 50-day simple moving average is $63.12 and its 200-day simple moving average is $62.66. The firm has a market cap of $69.55 billion, a PE ratio of 13.67, a PEG ratio of 5.64 and a beta of 0.58.

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.