Addison Advisors LLC Sells 428 Shares of National Grid plc (NYSE:NGG)

Addison Advisors LLC lessened its position in shares of National Grid plc (NYSE:NGGFree Report) by 43.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 558 shares of the utilities provider’s stock after selling 428 shares during the period. Addison Advisors LLC’s holdings in National Grid were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in National Grid by 77.3% during the third 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 during the last quarter. Merewether Investment Management LP bought a new position in National Grid during the third quarter worth $66,535,000. Bank of Montreal Can raised its stake in National Grid by 3.1% during the third quarter. Bank of Montreal Can now owns 553,394 shares of the utilities provider’s stock worth $38,588,000 after buying an additional 16,610 shares during the last quarter. ABC Arbitrage SA bought a new position in National Grid during the fourth quarter worth $21,706,000. Finally, Hennessy Advisors Inc. raised its stake in National Grid by 2.8% during the fourth quarter. Hennessy Advisors Inc. now owns 209,144 shares of the utilities provider’s stock worth $12,427,000 after buying an additional 5,700 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Up 0.9 %

NGG opened at $62.74 on Wednesday. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. 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 company has a fifty day moving average price of $59.94 and a two-hundred day moving average price of $63.56.

Analyst Upgrades and Downgrades

NGG has been the subject of a number of analyst reports. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, National Grid has an average rating of “Moderate Buy”.

View Our Latest Research Report on National Grid

National Grid Profile

(Free Report)

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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Institutional Ownership by Quarter for National Grid (NYSE:NGG)

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