Sei Investments Co. Sells 24,331 Shares of National Grid plc (NYSE:NGG)

Sei Investments Co. lowered its stake in National Grid plc (NYSE:NGG - Free Report) by 51.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,059 shares of the utilities provider's stock after selling 24,331 shares during the quarter. Sei Investments Co.'s holdings in National Grid were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new position in shares of National Grid in the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its position in shares of National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC boosted its stake in National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after purchasing an additional 192 shares during the period. Quantbot Technologies LP purchased a new position in National Grid during the 3rd quarter worth approximately $60,000. Finally, Eastern Bank raised its stake in National Grid by 52.7% during the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 320 shares during the period. Institutional investors and hedge funds own 4.68% of the company's stock.

Wall Street Analysts Forecast Growth

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

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National Grid Stock Up 3.7 %

Shares of NYSE:NGG traded up $2.45 during trading on Friday, reaching $68.04. 962,816 shares of the company traded hands, compared to its average volume of 643,894. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. 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 cap of $66.57 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The firm has a fifty day simple moving average of $62.99 and a 200 day simple moving average of $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.