Capital International Investors Decreases Position in National Grid plc (NYSE:NGG)

Capital International Investors reduced its position in National Grid plc (NYSE:NGG - Free Report) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,127,470 shares of the utilities provider's stock after selling 143,426 shares during the period. Capital International Investors owned about 0.12% of National Grid worth $66,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in National Grid during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. increased its stake in shares of National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 198 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of National Grid by 145.6% during the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock worth $42,000 after acquiring an additional 415 shares during the period. Rothschild Investment LLC boosted its position in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after acquiring an additional 192 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of National Grid in the fourth quarter worth approximately $53,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Trading Down 0.3 %

NGG stock traded down $0.23 during midday trading on Friday, reaching $72.04. 313,016 shares of the company's stock traded hands, compared to its average volume of 794,305. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $74.82. The business has a 50-day moving average price of $64.90 and a two-hundred day moving average price of $62.97. The company has a market capitalization of $70.48 billion, a P/E ratio of 13.85, a PEG ratio of 5.64 and a beta of 0.58.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Finally, StockNews.com downgraded National Grid from a "hold" rating to a "sell" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus 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.