National Grid plc (NYSE:NGG) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its position in National Grid plc (NYSE:NGG - Free Report) by 42.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,049 shares of the utilities provider's stock after selling 5,181 shares during the quarter. IHT Wealth Management LLC's holdings in National Grid were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NGG. MML Investors Services LLC increased its position in shares of National Grid by 3.5% during the fourth quarter. MML Investors Services LLC now owns 76,582 shares of the utilities provider's stock valued at $4,550,000 after acquiring an additional 2,622 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in National Grid by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 706,290 shares of the utilities provider's stock valued at $41,968,000 after purchasing an additional 12,228 shares during the last quarter. First Trust Advisors LP acquired a new stake in National Grid in the 4th quarter valued at approximately $1,023,000. NewEdge Advisors LLC raised its position in National Grid by 6.0% in the fourth quarter. NewEdge Advisors LLC now owns 7,796 shares of the utilities provider's stock valued at $463,000 after purchasing an additional 440 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in National Grid by 377.5% during the fourth quarter. Guggenheim Capital LLC now owns 16,641 shares of the utilities provider's stock worth $989,000 after purchasing an additional 13,156 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Performance

Shares of National Grid stock traded down $0.22 during trading hours on Friday, hitting $71.43. 234,908 shares of the company were exchanged, compared to its average volume of 682,954. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $66.03 and a 200-day moving average of $63.20. National Grid plc has a 1 year low of $54.24 and a 1 year high of $74.82. The stock has a market capitalization of $69.89 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 5.64 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research note on Wednesday. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. UBS Group lowered National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday. Finally, Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

National Grid 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.