Mystic Asset Management Inc. Has $566,000 Holdings in National Grid plc (NYSE:NGG)

Mystic Asset Management Inc. lessened its holdings in National Grid plc (NYSE:NGG) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,530 shares of the utilities provider’s stock after selling 610 shares during the quarter. Mystic Asset Management Inc.’s holdings in National Grid were worth $566,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new position in shares of National Grid during the 4th quarter worth about $25,000. Larson Financial Group LLC boosted its position in National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 415 shares during the last quarter. Rothschild Investment LLC grew its stake in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares in the last quarter. Eastern Bank increased its position in shares of National Grid by 52.7% during the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 320 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of National Grid during the 3rd quarter worth approximately $60,000. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

National Grid Stock Up 1.5 %

NGG stock opened at $64.18 on Tuesday. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. The business’s 50 day simple moving average is $60.81 and its 200 day simple moving average is $63.22. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $62.80 billion, a PE ratio of 12.34, a PEG ratio of 5.64 and a beta of 0.63.

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.