Mercer Global Advisors Inc. ADV Lowers Position in National Grid plc (NYSE:NGG)

Mercer Global Advisors Inc. ADV reduced its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,663 shares of the utilities provider's stock after selling 9,290 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in National Grid were worth $1,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. increased its stake in National Grid by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock valued at $265,000 after acquiring an additional 868 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in National Grid in the fourth quarter valued at about $239,000. Hennion & Walsh Asset Management Inc. bought a new position in National Grid in the fourth quarter valued at about $411,000. JCIC Asset Management Inc. acquired a new position in National Grid during the fourth quarter worth about $1,854,000. Finally, Burney Co. acquired a new stake in shares of National Grid in the 4th quarter valued at approximately $604,000. Institutional investors own 4.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NGG shares. Citigroup reiterated a "neutral" rating on shares of National Grid in a research note on Tuesday, May 6th. UBS Group cut shares of National Grid from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 29th. StockNews.com raised National Grid from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

National Grid Stock Up 0.7 %

National Grid stock traded up $0.50 during mid-day trading on Friday, reaching $70.68. The stock had a trading volume of 875,490 shares, compared to its average volume of 695,477. The firm has a market capitalization of $69.16 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $74.82. The stock's 50-day simple moving average is $67.16 and its 200-day simple moving average is $63.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

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.