Clark Capital Management Group Inc. Sells 33,444 Shares of National Grid plc (NYSE:NGG)

Clark Capital Management Group Inc. trimmed its stake in National Grid plc (NYSE:NGG - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 711,622 shares of the utilities provider's stock after selling 33,444 shares during the quarter. Clark Capital Management Group Inc. owned approximately 0.07% of National Grid worth $42,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NGG. GAMMA Investing LLC boosted its stake in National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 224 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in National Grid by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider's stock valued at $720,000 after acquiring an additional 275 shares during the last quarter. JCIC Asset Management Inc. purchased a new position in National Grid in the fourth quarter valued at about $1,854,000. Eastern Bank raised its position in shares of National Grid by 52.7% in the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 320 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of National Grid by 27.5% in the fourth quarter. Park Avenue Securities LLC now owns 29,802 shares of the utilities provider's stock valued at $1,771,000 after purchasing an additional 6,423 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Price Performance

National Grid stock traded down $3.21 during midday trading on Monday, reaching $67.48. 1,342,033 shares of the stock were exchanged, compared to its average volume of 698,063. The company's fifty day moving average is $67.16 and its 200-day moving average is $63.33. 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 has a market cap of $66.03 billion, a PE ratio of 12.98, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 52 week low of $54.24 and a 52 week high of $74.82.

Analyst Ratings Changes

Several research firms have recently issued reports on NGG. 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 reissued a "neutral" rating on shares of National Grid in a research report on Tuesday, May 6th. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, UBS Group lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, National Grid currently has an average rating of "Moderate Buy".

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.