Syon Capital LLC Decreases Stock Holdings in National Grid plc (NYSE:NGG)

Syon Capital LLC trimmed its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,792 shares of the utilities provider's stock after selling 3,594 shares during the quarter. Syon Capital LLC's holdings in National Grid were worth $463,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Rothschild Investment LLC raised its holdings 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 valued at $43,000 after buying an additional 192 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in National Grid by 0.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider's stock worth $1,422,000 after buying an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of National Grid by 67.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after acquiring an additional 198 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider's stock valued at $73,000 after purchasing an additional 224 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NGG. UBS Group lowered shares of National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday. StockNews.com raised National Grid from a "sell" rating to a "hold" rating in a research note on Wednesday. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Finally, Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

National Grid Price Performance

NGG stock traded down $0.25 during trading on Wednesday, reaching $72.79. The company's stock had a trading volume of 616,691 shares, compared to its average volume of 678,775. National Grid plc has a 1 year low of $54.24 and a 1 year high of $74.82. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The company's fifty day moving average is $65.61 and its 200-day moving average is $63.09. The company has a market capitalization of $71.22 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58.

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.