FDx Advisors Inc. Trims Stock Holdings in National Grid plc (NYSE:NGG)

FDx Advisors Inc. lessened its holdings in shares of National Grid plc (NYSE:NGG) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,647 shares of the utilities provider’s stock after selling 312 shares during the quarter. FDx Advisors Inc.’s holdings in National Grid were worth $217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in shares of National Grid during the 3rd quarter valued at approximately $37,000. Eastern Bank bought a new position in National Grid during the 3rd quarter valued at $42,000. Quantbot Technologies LP bought a new position in National Grid during the 3rd quarter valued at $60,000. Addison Advisors LLC grew its holdings in National Grid by 267.9% during the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Stock Up 0.3 %

NGG stock opened at $61.27 on Friday. The firm has a market cap of $59.94 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 5.63 and a beta of 0.63. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The firm has a fifty day moving average price of $59.81 and a two-hundred day moving average price of $63.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.

Analyst Upgrades and Downgrades

NGG has been the topic of several research analyst reports. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com downgraded National Grid from a “hold” rating to a “sell” rating in a report on Monday, February 17th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About National Grid

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.