Qtron Investments LLC Reduces Stock Holdings in National Grid plc (NYSE:NGG)

Qtron Investments LLC decreased its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 63.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,372 shares of the utilities provider's stock after selling 10,975 shares during the period. Qtron Investments LLC's holdings in National Grid were worth $379,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NGG. Whipplewood Advisors LLC bought a new position in National Grid in the fourth quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its stake in shares of National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after purchasing an additional 198 shares during the last quarter. Larson Financial Group LLC boosted its position in National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC grew its stake in National Grid by 36.2% in the fourth 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 bought a new position in National Grid in the fourth quarter worth about $53,000. Institutional investors own 4.68% of the company's stock.

National Grid Stock Performance

Shares of NYSE NGG traded up $0.55 during midday trading on Friday, reaching $72.03. The company had a trading volume of 1,525,780 shares, compared to its average volume of 660,563. 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 business's 50-day simple moving average is $63.73 and its 200 day simple moving average is $62.80. National Grid plc has a 1 year low of $54.24 and a 1 year high of $73.09. The stock has a market cap of $70.48 billion, a P/E ratio of 13.85, a P/E/G ratio of 5.64 and a beta of 0.58.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NGG. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Finally, Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, National Grid currently has a consensus rating of "Moderate Buy".

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.