Captrust Financial Advisors Sells 5,019 Shares of National Grid plc (NYSE:NGG)

Captrust Financial Advisors cut its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,121 shares of the utilities provider's stock after selling 5,019 shares during the period. Captrust Financial Advisors' holdings in National Grid were worth $1,017,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. IFP Advisors Inc grew its position in National Grid by 20.0% during the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock worth $62,000 after acquiring an additional 174 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after purchasing an additional 192 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of National Grid by 0.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider's stock valued at $1,422,000 after buying an additional 196 shares during the period. Brown Brothers Harriman & Co. raised its holdings in National Grid by 67.6% in the 4th 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 last quarter. Finally, Congress Wealth Management LLC DE boosted its position in National Grid by 6.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,678 shares of the utilities provider's stock worth $219,000 after buying an additional 230 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Trading Up 1.6%

Shares of NYSE:NGG traded up $1.13 during trading on Monday, reaching $72.41. The stock had a trading volume of 1,293,502 shares, compared to its average volume of 727,769. National Grid plc has a 52 week low of $54.24 and a 52 week high of $74.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The firm's fifty day moving average is $67.92 and its 200 day moving average is $63.46. The stock has a market cap of $70.85 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 5.64 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group cut shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. Barclays reaffirmed an "overweight" rating on shares of National Grid in a research report on Friday. StockNews.com downgraded National Grid from a "hold" rating to a "sell" rating in a report on Friday. Finally, Citigroup reissued a "neutral" rating on shares of National Grid in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, National Grid has a consensus rating of "Hold".

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.