Signaturefd LLC Cuts Holdings in National Grid plc (NYSE:NGG)

Signaturefd LLC trimmed its holdings in shares of National Grid plc (NYSE:NGG) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,180 shares of the utilities provider’s stock after selling 410 shares during the period. Signaturefd LLC’s holdings in National Grid were worth $1,021,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its stake in National Grid by 46.0% during the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after purchasing an additional 11,402 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in National Grid by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 868 shares during the last quarter. XTX Topco Ltd purchased a new stake in National Grid during the 3rd quarter valued at $1,624,000. Natixis Advisors LLC boosted its stake in National Grid by 51.9% during the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after purchasing an additional 38,123 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in National Grid by 1,620.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock valued at $2,681,000 after purchasing an additional 36,243 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a report on Monday. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of National Grid stock opened at $63.76 on Wednesday. National Grid plc has a one year low of $54.24 and a one year high of $72.21. The stock’s fifty day moving average is $60.91 and its 200 day moving average is $63.20. The stock has a market cap of $62.38 billion, a P/E ratio of 12.26, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

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.