Syon Capital LLC Cuts Stock Position in National Grid plc (NYSE:NGG)

Syon Capital LLC lessened its position in National Grid plc (NYSE:NGG - Free Report) by 31.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,792 shares of the utilities provider's stock after selling 3,594 shares during the quarter. Syon Capital LLC's holdings in National Grid were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Whipplewood Advisors LLC bought a new position in National Grid in the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of National Grid by 67.6% in 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 in the last quarter. Larson Financial Group LLC raised its stake in shares of 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 acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 192 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in National Grid in the fourth quarter worth about $53,000. Institutional investors own 4.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NGG. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded National Grid from a "hold" rating to a "sell" rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, National Grid currently has a consensus rating of "Moderate Buy".

National Grid Stock Performance

National Grid stock traded up $0.81 during midday trading on Monday, hitting $72.85. 862,609 shares of the company were exchanged, compared to its average volume of 677,144. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $74.82. The business has a fifty day simple moving average of $65.13 and a two-hundred day simple moving average of $62.98. The firm has a market capitalization of $71.28 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58.

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.