Natixis Advisors LLC Sells 19,989 Shares of National Grid plc (NYSE:NGG)

Natixis Advisors LLC trimmed its stake in National Grid plc (NYSE:NGG) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,537 shares of the utilities provider’s stock after selling 19,989 shares during the quarter. Natixis Advisors LLC’s holdings in National Grid were worth $5,439,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in National Grid in the fourth quarter worth $25,000. Larson Financial Group LLC lifted its holdings in shares of National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of National Grid during the third quarter valued at $60,000. Finally, Eastern Bank lifted its holdings in shares of National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 320 shares in the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Stock Performance

Shares of NGG opened at $63.77 on Friday. 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 business has a 50-day simple moving average of $61.33 and a two-hundred day simple moving average of $63.20. The stock has a market cap of $62.39 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 52 week low of $54.24 and a 52 week high of $72.21.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Finally, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.