Pathway Financial Advisers LLC Has $30,000 Stock Holdings in National Grid plc (NYSE:NGG)

Pathway Financial Advisers LLC reduced its stake in shares of National Grid plc (NYSE:NGG) by 44.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429 shares of the utilities provider’s stock after selling 343 shares during the quarter. Pathway Financial Advisers LLC’s holdings in National Grid were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NGG. Allspring Global Investments Holdings LLC increased its holdings in shares of National Grid by 7,995.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,862 shares of the utilities provider’s stock worth $127,000 after buying an additional 1,839 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in National Grid by 34.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 10,789 shares of the utilities provider’s stock valued at $736,000 after purchasing an additional 2,760 shares during the last quarter. Wambolt & Associates LLC boosted its stake in National Grid by 7.7% in the first quarter. Wambolt & Associates LLC now owns 28,280 shares of the utilities provider’s stock worth $1,918,000 after purchasing an additional 2,028 shares in the last quarter. Prosperity Consulting Group LLC acquired a new position in National Grid during the 1st quarter worth about $3,712,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of National Grid during the first quarter valued at approximately $1,372,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Down 0.1 %

National Grid stock opened at $65.07 on Thursday. The business has a 50-day moving average of $67.64 and a 200-day moving average of $64.59. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NGG shares. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, National Grid presently has an average rating of “Moderate Buy”.

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.