National Grid plc (NGG) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its stake in shares of National Grid plc (NYSE:NGG) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,181 shares of the utilities provider’s stock after selling 10,057 shares during the period. Private Advisor Group LLC’s holdings in National Grid were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NGG. Dimensional Fund Advisors LP lifted its position in National Grid by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 377,556 shares of the utilities provider’s stock valued at $23,718,000 after purchasing an additional 11,707 shares during the period. State Street Corp lifted its position in National Grid by 2.7% during the second quarter. State Street Corp now owns 7,910 shares of the utilities provider’s stock valued at $497,000 after purchasing an additional 206 shares during the period. Public Employees Retirement System of Ohio bought a new position in National Grid during the second quarter valued at approximately $4,539,000. Dynamic Technology Lab Private Ltd bought a new position in National Grid during the second quarter valued at approximately $435,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in National Grid by 37.8% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,204 shares of the utilities provider’s stock valued at $326,000 after purchasing an additional 1,427 shares during the period. Institutional investors own 5.37% of the company’s stock.

National Grid plc (NGG) opened at $53.39 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.71. National Grid plc has a 52-week low of $51.51 and a 52-week high of $75.24.

NGG has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of National Grid from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, January 23rd. ValuEngine upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of National Grid in a research report on Wednesday, November 15th. Deutsche Bank upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Goldman Sachs Group upgraded shares of National Grid from a “sell” rating to a “neutral” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $67.00.

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National Grid Profile

National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.

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

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