Private Advisor Group LLC trimmed its position in shares of National Grid plc (NYSE:NGG) by 38.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,181 shares of the utilities provider’s stock after selling 10,057 shares during the period. Private Advisor Group LLC’s holdings in National Grid were worth $955,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in NGG. Valeo Financial Advisors LLC bought a new stake in shares of National Grid during the 3rd quarter valued at $103,000. Advisors Preferred LLC bought a new stake in shares of National Grid during the 3rd quarter valued at $118,000. Steward Partners Investment Advisory LLC bought a new stake in shares of National Grid during the 3rd quarter valued at $119,000. Krilogy Financial LLC bought a new stake in shares of National Grid during the 3rd quarter valued at $163,000. Finally, Lourd Capital LLC bought a new stake in shares of National Grid during the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 5.37% of the company’s stock.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of National Grid from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Deutsche Bank upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. JPMorgan Chase & Co. restated a “buy” rating on shares of National Grid in a research report on Wednesday, November 15th. Finally, Credit Suisse Group raised shares of National Grid from an “underperform” rating to a “neutral” rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $67.00.
National Grid plc (NYSE:NGG) opened at $53.39 on Tuesday. National Grid plc has a 52 week low of $51.51 and a 52 week high of $75.24. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.32.
TRADEMARK VIOLATION NOTICE: This story was first published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.thestockobserver.com/2018/02/20/national-grid-plc-ngg-stake-lowered-by-private-advisor-group-llc.html.
About National Grid
National Grid plc is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United Kingdom and the United States. The Company’s segments include UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain’s gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in New York, and New England and electricity generation facilities in New York.
Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG).
Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.