National Grid plc (NYSE:NGG) Shares Sold by Qtron Investments LLC

Qtron Investments LLC trimmed its position in National Grid plc (NYSE:NGG - Free Report) by 63.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,372 shares of the utilities provider's stock after selling 10,975 shares during the quarter. Qtron Investments LLC's holdings in National Grid were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NGG. Rockefeller Capital Management L.P. purchased a new position in National Grid during the fourth quarter valued at approximately $651,000. Invesco Ltd. boosted its position in National Grid by 3.2% during the 4th quarter. Invesco Ltd. now owns 537,269 shares of the utilities provider's stock valued at $31,925,000 after acquiring an additional 16,409 shares in the last quarter. Certior Financial Group LLC purchased a new position in shares of National Grid in the 4th quarter valued at $226,000. FMR LLC raised its position in shares of National Grid by 11.9% in the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after acquiring an additional 473,172 shares in the last quarter. Finally, Pitcairn Co. lifted its stake in shares of National Grid by 7.9% during the 4th quarter. Pitcairn Co. now owns 3,874 shares of the utilities provider's stock worth $230,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Stock Up 0.8 %

NYSE:NGG traded up $0.55 during mid-day trading on Friday, hitting $72.03. 1,525,780 shares of the company's stock traded hands, compared to its average volume of 661,781. The company has a fifty day moving average of $63.94 and a 200 day moving average of $62.81. 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 twelve month low of $54.24 and a twelve month high of $73.09. The company has a market capitalization of $70.48 billion, a P/E ratio of 13.85, a P/E/G ratio of 5.64 and a beta of 0.58.

Wall Street Analyst Weigh In

A number of brokerages have commented on NGG. Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, National Grid has an average rating of "Moderate Buy".

National Grid 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.