Addison Advisors LLC Has $33,000 Stock Position in National Grid plc (NYSE:NGG)

Addison Advisors LLC reduced its holdings in shares of National Grid plc (NYSE:NGG) by 43.4% in the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares during the last quarter. IFP Advisors Inc boosted its holdings in National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares during the last quarter. Atlantic Family Wealth LLC purchased a new position in National Grid during the fourth quarter worth about $235,000. Cromwell Holdings LLC boosted its holdings in National Grid by 135.4% during the fourth quarter. Cromwell Holdings LLC now owns 1,516 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 872 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in National Grid by 15.5% during the fourth quarter. Ieq Capital LLC now owns 3,473 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 466 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NGG. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, National Grid has an average rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NGG stock opened at $62.74 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The firm’s 50-day simple moving average is $59.94 and its two-hundred day simple moving average is $63.56.

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.