Natixis Advisors LLC decreased its stake in National Grid plc (NYSE:NGG - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,537 shares of the utilities provider's stock after selling 19,989 shares during the period. Natixis Advisors LLC's holdings in National Grid were worth $5,439,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. FMR LLC boosted its holdings in National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after acquiring an additional 1,739,566 shares during the period. Raymond James Financial Inc. acquired a new stake in National Grid during the 4th quarter valued at $67,324,000. Merewether Investment Management LP purchased a new stake in National Grid during the 3rd quarter worth $66,535,000. ABC Arbitrage SA bought a new stake in shares of National Grid in the 4th quarter worth about $21,706,000. Finally, National Bank of Canada FI raised its stake in shares of National Grid by 351.1% in the 3rd quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider's stock valued at $14,429,000 after purchasing an additional 161,204 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.
National Grid Trading Up 0.9 %
Shares of NGG traded up $0.54 during midday trading on Wednesday, hitting $63.53. The stock had a trading volume of 356,911 shares, compared to its average volume of 606,603. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21. The business has a 50-day simple moving average of $61.59 and a two-hundred day simple moving average of $63.08. 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 market cap of $62.16 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.
Analyst Upgrades and Downgrades
NGG has been the subject of several research reports. StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. Finally, Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
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National Grid Profile
(
Free Report)
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.
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