Stifel Financial Corp Has $14.52 Million Stake in National Grid plc (NYSE:NGG)

Stifel Financial Corp cut its holdings in National Grid plc (NYSE:NGG - Free Report) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,369 shares of the utilities provider's stock after selling 14,231 shares during the quarter. Stifel Financial Corp's holdings in National Grid were worth $14,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NGG. MML Investors Services LLC boosted its holdings in shares of National Grid by 3.5% during the 4th quarter. MML Investors Services LLC now owns 76,582 shares of the utilities provider's stock worth $4,550,000 after buying an additional 2,622 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of National Grid by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 706,290 shares of the utilities provider's stock worth $41,968,000 after purchasing an additional 12,228 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of National Grid during the 4th quarter worth about $1,023,000. NewEdge Advisors LLC grew its holdings in National Grid by 6.0% in the 4th quarter. NewEdge Advisors LLC now owns 7,796 shares of the utilities provider's stock valued at $463,000 after buying an additional 440 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in National Grid by 377.5% in the 4th quarter. Guggenheim Capital LLC now owns 16,641 shares of the utilities provider's stock worth $989,000 after buying an additional 13,156 shares during the period. Institutional investors and hedge funds own 4.68% of the company's stock.

Analyst Upgrades and Downgrades

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

National Grid Stock Performance

NYSE NGG opened at $72.03 on Friday. National Grid plc has a twelve month low of $54.24 and a twelve month high of $73.09. 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 stock has a market cap of $70.48 billion, a P/E ratio of 13.85, a PEG ratio of 5.64 and a beta of 0.58. The company's 50-day simple moving average is $63.94 and its 200 day simple moving average is $62.81.

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.

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