Natixis Advisors L.P. Sells 313,302 Shares of National Grid plc (NYSE:NGG)

Natixis Advisors L.P. reduced its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 81.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,682 shares of the utilities provider's stock after selling 313,302 shares during the quarter. Natixis Advisors L.P.'s holdings in National Grid were worth $4,873,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Federated Hermes Inc. grew its holdings in shares of National Grid by 8.1% during the fourth quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider's stock valued at $200,281,000 after buying an additional 220,504 shares during the last quarter. FMR LLC grew its holdings in shares of National Grid by 23.9% during the third quarter. FMR LLC now owns 1,648,729 shares of the utilities provider's stock valued at $99,962,000 after buying an additional 318,533 shares during the last quarter. Raymond James & Associates grew its holdings in shares of National Grid by 0.7% during the fourth quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider's stock valued at $85,712,000 after buying an additional 8,192 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of National Grid by 21.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider's stock valued at $73,710,000 after buying an additional 214,919 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in National Grid by 3.8% during the third quarter. LPL Financial LLC now owns 717,563 shares of the utilities provider's stock worth $43,506,000 after purchasing an additional 26,210 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Trading Up 0.6 %

NGG traded up $0.41 during midday trading on Friday, reaching $71.21. The company had a trading volume of 295,191 shares, compared to its average volume of 314,745. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. National Grid plc has a 12-month low of $56.40 and a 12-month high of $74.48. The business has a 50-day moving average price of $67.36 and a two-hundred day moving average price of $66.32.

Wall Street Analyst Weigh In

NGG has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of National Grid from a "hold" rating to a "buy" rating in a report on Monday, February 5th. BNP Paribas upgraded shares of National Grid from an "underperform" rating to an "outperform" rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a "hold" rating to a "buy" rating in a report on Tuesday, January 16th. Finally, StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, National Grid has a consensus rating of "Moderate Buy" and an average target price of $1,165.00.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.