Greenleaf Trust cut its stake in National Grid plc (NYSE:NGG – Free Report) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,808 shares of the utilities provider’s stock after selling 757 shares during the period. Greenleaf Trust’s holdings in National Grid were worth $259,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of National Grid by 3.9% in the 3rd quarter. Wellington Management Group LLP now owns 53,984 shares of the utilities provider’s stock valued at $3,273,000 after buying an additional 2,049 shares during the period. DAVENPORT & Co LLC lifted its stake in National Grid by 6.3% in the fourth quarter. DAVENPORT & Co LLC now owns 70,514 shares of the utilities provider’s stock worth $4,794,000 after acquiring an additional 4,162 shares during the last quarter. Raymond James & Associates grew its holdings in National Grid by 0.7% during the 4th quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider’s stock worth $85,712,000 after acquiring an additional 8,192 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of National Grid in the 3rd quarter valued at approximately $2,775,000. Finally, FMR LLC raised its holdings in shares of National Grid by 23.9% in the 3rd quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock valued at $99,962,000 after purchasing an additional 318,533 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.
National Grid Stock Performance
NGG opened at $66.82 on Thursday. National Grid plc has a one year low of $56.40 and a one year high of $74.48. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. The business’s 50-day simple moving average is $66.81 and its 200-day simple moving average is $65.64.
Analyst Upgrades and Downgrades
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National Grid Company Profile
National Grid plc transmits and distributes electricity and gas. The company 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.
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