Advisory Services Network LLC Decreases Stake in National Grid plc (NYSE:NGG)

Advisory Services Network LLC cut its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,609 shares of the utilities provider's stock after selling 6,445 shares during the period. Advisory Services Network LLC's holdings in National Grid were worth $1,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. increased its holdings in National Grid by 3.2% during the 4th quarter. Invesco Ltd. now owns 537,269 shares of the utilities provider's stock worth $31,925,000 after purchasing an additional 16,409 shares in the last quarter. Certior Financial Group LLC bought a new position in National Grid during the 4th quarter valued at $226,000. FMR LLC boosted its holdings in National Grid by 11.9% during the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after acquiring an additional 473,172 shares during the last quarter. Pitcairn Co. boosted its holdings in National Grid by 7.9% during the 4th quarter. Pitcairn Co. now owns 3,874 shares of the utilities provider's stock worth $230,000 after acquiring an additional 285 shares during the last quarter. Finally, World Investment Advisors grew its stake in shares of National Grid by 19.0% in the 4th quarter. World Investment Advisors now owns 8,918 shares of the utilities provider's stock worth $530,000 after acquiring an additional 1,422 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

National Grid Stock Performance

NGG stock traded up $1.54 during mid-day trading on Thursday, hitting $73.02. The company had a trading volume of 730,170 shares, compared to its average volume of 656,438. National Grid plc has a 12 month low of $54.24 and a 12 month high of $73.02. The stock's fifty day moving average price is $63.51 and its two-hundred day moving average price is $62.78. The firm has a market cap of $71.45 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NGG shares. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Finally, Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.