Bank of America Corp DE Has $198.60 Million Holdings in National Grid plc (NYSE:NGG)

Bank of America Corp DE lessened its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,342,367 shares of the utilities provider's stock after selling 203,508 shares during the period. Bank of America Corp DE owned 0.34% of National Grid worth $198,603,000 as of its most recent filing with the SEC.

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

National Grid Stock Up 0.7 %

NGG stock traded up $0.50 during mid-day trading on Friday, hitting $70.68. 875,490 shares of the company were exchanged, compared to its average volume of 695,477. 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 plc has a 1-year low of $54.24 and a 1-year high of $74.82. The firm's 50 day simple moving average is $67.16 and its 200 day simple moving average is $63.33. The firm has a market cap of $69.16 billion, a P/E ratio of 13.59, a P/E/G ratio of 5.64 and a beta of 0.63.

Analysts Set New Price Targets

Several research firms recently weighed in on NGG. UBS Group lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 29th. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Citigroup restated a "neutral" rating on shares of National Grid in a research report on Tuesday, May 6th. Finally, StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, National Grid currently has an average rating of "Moderate Buy".

About National Grid

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.