Strategy Asset Managers LLC Sells 12,675 Shares of National Grid plc (NYSE:NGG)

Strategy Asset Managers LLC trimmed its position in National Grid plc (NYSE:NGG - Free Report) by 28.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,872 shares of the utilities provider's stock after selling 12,675 shares during the period. Strategy Asset Managers LLC's holdings in National Grid were worth $1,894,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in National Grid in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its position in 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 buying an additional 198 shares during the period. Larson Financial Group LLC grew its holdings in National Grid by 145.6% during the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock worth $42,000 after acquiring an additional 415 shares during the last quarter. Rothschild Investment LLC increased its position in National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 192 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of National Grid during the fourth quarter valued at $53,000. Institutional investors own 4.68% of the company's stock.

Analysts Set New Price Targets

NGG has been the subject of a number of recent research reports. StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research report 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, National Grid has an average rating of "Moderate Buy".

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National Grid Trading Down 0.1 %

NGG stock traded down $0.06 during midday trading on Wednesday, hitting $65.72. The stock had a trading volume of 220,584 shares, compared to its average volume of 613,748. 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 has a fifty day moving average price of $62.13 and a two-hundred day moving average price of $62.93. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. The firm has a market cap of $64.30 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

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.