Morningstar Investment Services LLC Sells 739 Shares of National Grid plc (NYSE:NGG)

Morningstar Investment Services LLC reduced its stake in National Grid plc (NYSE:NGG) by 16.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,768 shares of the utilities provider’s stock after selling 739 shares during the quarter. Morningstar Investment Services LLC’s holdings in National Grid were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NGG. Venturi Wealth Management LLC acquired a new position in National Grid during the 3rd quarter worth $30,000. Carmichael Hill & Associates Inc. bought a new stake in National Grid in the 4th quarter valued at $39,000. Ellis Investment Partners LLC grew its position in National Grid by 66.7% in the 4th quarter. Ellis Investment Partners LLC now owns 750 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 300 shares during the last quarter. Huntington National Bank raised its position in shares of National Grid by 130.2% during the fourth quarter. Huntington National Bank now owns 946 shares of the utilities provider’s stock valued at $60,000 after buying an additional 535 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in National Grid by 59.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,075 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 399 shares in the last quarter. 4.91% of the stock is owned by hedge funds and other institutional investors.

Shares of National Grid stock traded down $2.21 during trading on Friday, reaching $63.26. The company’s stock had a trading volume of 921,152 shares, compared to its average volume of 565,341. The stock has a 50-day moving average price of $65.44 and a two-hundred day moving average price of $58.63. The stock has a market capitalization of $46.09 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 9.77 and a beta of 0.45. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.38. National Grid plc has a one year low of $48.83 and a one year high of $69.08.

NGG has been the subject of several research reports. HSBC cut National Grid from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Exane BNP Paribas lowered shares of National Grid from an “outperform” rating to a “neutral” rating in a research report on Friday, January 10th. Zacks Investment Research raised National Grid from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Finally, BNP Paribas lowered shares of National Grid from an “outperform” rating to a “neutral” rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $65.00.

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

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Institutional Ownership by Quarter for National Grid (NYSE:NGG)

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