Beverly Hills Private Wealth LLC Lowers Position in National Grid plc (NYSE:NGG)

Beverly Hills Private Wealth LLC reduced its position in shares of National Grid plc (NYSE:NGG) by 26.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,826 shares of the utilities provider’s stock after selling 2,410 shares during the period. Beverly Hills Private Wealth LLC’s holdings in National Grid were worth $406,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NGG. Whipplewood Advisors LLC purchased a new position in shares of National Grid during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. raised its position in National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 198 shares in the last quarter. Larson Financial Group LLC lifted its holdings 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 acquiring an additional 415 shares during the period. Rothschild Investment LLC boosted its position in shares of National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of National Grid during the 4th quarter worth $53,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Performance

Shares of NGG opened at $71.71 on Monday. National Grid plc has a 12-month low of $54.24 and a 12-month high of $74.82. The stock has a market cap of $70.16 billion, a P/E ratio of 13.79, a PEG ratio of 5.64 and a beta of 0.58. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $66.21 and a two-hundred day moving average of $63.17.

Analyst Ratings Changes

NGG has been the subject of several recent analyst reports. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Finally, UBS Group cut National Grid from a “buy” rating to a “neutral” rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Grid presently 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.