Raymond James & Associates Sells 16,440 Shares of National Grid plc (NYSE:NGG)

Raymond James & Associates lessened its holdings in National Grid plc (NYSE:NGG - Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,237,205 shares of the utilities provider's stock after selling 16,440 shares during the quarter. Raymond James & Associates owned 0.16% of National Grid worth $86,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in National Grid in the first quarter valued at approximately $1,372,000. Capital International Investors purchased a new position in shares of National Grid in the first quarter worth about $86,218,000. Atria Investments Inc raised its position in shares of National Grid by 19.3% in the first quarter. Atria Investments Inc now owns 61,319 shares of the utilities provider's stock valued at $4,183,000 after purchasing an additional 9,931 shares during the period. Gradient Investments LLC lifted its stake in shares of National Grid by 8,101.0% during the 2nd quarter. Gradient Investments LLC now owns 8,283 shares of the utilities provider's stock valued at $470,000 after buying an additional 8,182 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in National Grid by 54.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,185 shares of the utilities provider's stock worth $1,172,000 after buying an additional 6,070 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Price Performance

NYSE NGG traded down $0.95 on Monday, hitting $67.05. The stock had a trading volume of 289,816 shares, compared to its average volume of 535,657. The firm has a 50-day moving average of $67.42 and a 200-day moving average of $64.58. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company has a market capitalization of $53.20 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 4.50 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a "buy" rating on the stock. Citigroup lowered National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus 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.