TD Asset Management Inc decreased its holdings in shares of National Grid plc (NYSE:NGG – Free Report) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,573 shares of the utilities provider’s stock after selling 426 shares during the quarter. TD Asset Management Inc’s holdings in National Grid were worth $373,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. RFP Financial Group LLC grew its holdings in shares of National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after buying an additional 200 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of National Grid in the first quarter valued at about $27,000. Richardson Financial Services Inc. purchased a new stake in shares of National Grid in the first quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in shares of National Grid in the fourth quarter valued at about $29,000. Finally, Bessemer Group Inc. purchased a new stake in shares of National Grid in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.
National Grid Stock Performance
NYSE NGG opened at $69.60 on Monday. The firm’s 50-day moving average is $64.52 and its two-hundred day moving average is $64.50. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41.
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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.
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