National Grid plc (NYSE:NGG) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group lowered its holdings in shares of National Grid plc (NYSE:NGG) by 4.5% during the 4th quarter, Holdings Channel reports. The fund owned 3,712 shares of the utilities provider’s stock after selling 175 shares during the period. Net Worth Advisory Group’s holdings in National Grid were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of NGG. FMR LLC lifted its holdings in National Grid by 77.3% in the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock worth $277,964,000 after purchasing an additional 1,739,566 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of National Grid in the 4th quarter worth approximately $67,324,000. Merewether Investment Management LP acquired a new stake in shares of National Grid in the 3rd quarter worth approximately $66,535,000. ABC Arbitrage SA bought a new position in shares of National Grid in the fourth quarter valued at approximately $21,706,000. Finally, National Bank of Canada FI increased its stake 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 acquiring an additional 161,204 shares during the period. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NGG shares. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

National Grid Stock Up 0.2 %

NGG stock opened at $62.29 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The firm has a market cap of $60.94 billion, a PE ratio of 11.98, a P/E/G ratio of 5.64 and a beta of 0.63. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The firm has a 50 day simple moving average of $60.51 and a 200 day simple moving average of $63.33.

National Grid Company 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.