TD Private Client Wealth LLC Sells 8,005 Shares of National Grid plc (NYSE:NGG)

TD Private Client Wealth LLC cut its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,114 shares of the utilities provider's stock after selling 8,005 shares during the period. TD Private Client Wealth LLC's holdings in National Grid were worth $3,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after buying an additional 1,739,566 shares in the last quarter. Raymond James Financial Inc. purchased a new position in National Grid in the 4th quarter worth approximately $67,324,000. Merewether Investment Management LP bought a new position in National Grid in the 3rd quarter worth approximately $66,535,000. ABC Arbitrage SA purchased a new stake in National Grid during the 4th quarter valued at approximately $21,706,000. Finally, National Bank of Canada FI raised its position in shares of National Grid by 351.1% during the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider's stock valued at $14,429,000 after buying an additional 161,204 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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National Grid Price Performance

Shares of NGG stock traded up $0.54 on Wednesday, reaching $63.53. The company's stock had a trading volume of 356,911 shares, compared to its average volume of 606,603. The stock's fifty day simple moving average is $61.59 and its 200-day simple moving average is $63.08. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The company has a market capitalization of $62.16 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

National Grid 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.