O Shaughnessy Asset Management LLC Sells 6,269 Shares of National Grid plc (NYSE:NGG)

O Shaughnessy Asset Management LLC cut its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,844 shares of the utilities provider's stock after selling 6,269 shares during the period. O Shaughnessy Asset Management LLC's holdings in National Grid were worth $1,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NGG. JPMorgan Chase & Co. boosted its holdings in National Grid by 5.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock worth $83,496,000 after acquiring an additional 68,587 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of National Grid during the fourth quarter valued at about $67,324,000. LPL Financial LLC boosted its holdings in National Grid by 3.3% during the fourth quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider's stock worth $46,441,000 after purchasing an additional 25,082 shares during the last quarter. ABC Arbitrage SA bought a new stake in National Grid in the 4th quarter worth about $21,706,000. Finally, Hennessy Advisors Inc. increased its stake in National Grid by 2.8% in the 4th quarter. Hennessy Advisors Inc. now owns 209,144 shares of the utilities provider's stock valued at $12,427,000 after buying an additional 5,700 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently 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 research report on Friday, March 7th. Finally, Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, National Grid has a consensus rating of "Moderate Buy".

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National Grid Stock Performance

National Grid stock traded up $2.45 during midday trading on Friday, reaching $68.04. The stock had a trading volume of 962,816 shares, compared to its average volume of 643,896. 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 has a market capitalization of $66.57 billion, a PE ratio of 13.08, a P/E/G ratio of 5.64 and a beta of 0.58. National Grid plc has a 12 month low of $54.24 and a 12 month high of $72.21. The firm's 50-day moving average price is $62.99 and its 200 day moving average price is $62.72.

National Grid Company 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.