Signaturefd LLC Sells 410 Shares of National Grid plc (NYSE:NGG)

Signaturefd LLC reduced its stake in National Grid plc (NYSE:NGG) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,180 shares of the utilities provider’s stock after selling 410 shares during the quarter. Signaturefd LLC’s holdings in National Grid were worth $1,021,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Whipplewood Advisors LLC bought a new stake in National Grid during the fourth quarter valued at about $25,000. Larson Financial Group LLC raised its holdings 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 acquiring an additional 415 shares during the period. Rothschild Investment LLC raised 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 valued at $43,000 after acquiring an additional 192 shares during the period. Eastern Bank raised its holdings in National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 320 shares during the period. Finally, Quantbot Technologies LP bought a new stake in National Grid during the third quarter valued at about $60,000. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

National Grid Trading Down 0.6 %

Shares of National Grid stock opened at $63.76 on Wednesday. The firm has a market cap of $62.38 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 5.64 and a beta of 0.63. The business has a 50-day moving average price of $60.91 and a 200-day moving average price of $63.20. 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 twelve month low of $54.24 and a twelve month high of $72.21.

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.