Commonwealth Equity Services LLC Sells 2,617 Shares of National Grid plc (NYSE:NGG)

Commonwealth Equity Services LLC lowered its position in National Grid plc (NYSE:NGG) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,913 shares of the utilities provider’s stock after selling 2,617 shares during the quarter. Commonwealth Equity Services LLC’s holdings in National Grid were worth $7,185,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pathstone Holdings LLC lifted its position in shares of National Grid by 46.0% in the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after acquiring an additional 11,402 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of National Grid by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 868 shares during the period. XTX Topco Ltd bought a new stake in shares of National Grid in the 3rd quarter worth approximately $1,624,000. Natixis Advisors LLC lifted its position in shares of National Grid by 51.9% in the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after acquiring an additional 38,123 shares during the period. Finally, Icon Wealth Advisors LLC lifted its position in shares of National Grid by 1,620.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after acquiring an additional 36,243 shares during the period. Institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

National Grid stock opened at $65.16 on Friday. The business has a 50 day simple moving average of $61.17 and a 200 day simple moving average of $63.22. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a one year low of $54.24 and a one year high of $72.21. The company has a market capitalization of $63.75 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

Analyst Ratings Changes

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

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.