National Grid plc (NYSE:NGG) Stake Cut by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its position in shares of National Grid plc (NYSE:NGG - Free Report) by 81.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,994 shares of the utilities provider's stock after selling 30,530 shares during the quarter. Cubist Systematic Strategies LLC's holdings in National Grid were worth $416,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in National Grid during the fourth 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 last quarter. Larson Financial Group LLC lifted its stake in National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after buying an additional 415 shares during the last quarter. Rothschild Investment LLC lifted its stake in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after buying an additional 192 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in National Grid in the fourth quarter valued at $53,000. 4.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NGG. StockNews.com cut National Grid from a "hold" rating to a "sell" rating in a research note on Friday. Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. UBS Group cut National Grid from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 29th. Finally, Citigroup reiterated a "neutral" rating on shares of National Grid in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, National Grid has a consensus rating of "Hold".

National Grid Price Performance

Shares of NGG opened at $71.32 on Friday. The firm has a market capitalization of $69.78 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. 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 one year low of $54.24 and a one year high of $74.82. The stock's fifty day moving average is $67.92 and its 200-day moving average is $63.47.

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.

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