National Grid plc (NYSE:NGG) Stock Holdings Lessened by Todd Asset Management LLC

Todd Asset Management LLC lessened its stake in shares of National Grid plc (NYSE:NGG) by 67.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,544 shares of the utilities provider’s stock after selling 7,218 shares during the period. Todd Asset Management LLC’s holdings in National Grid were worth $241,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NGG. Intrust Bank NA lifted its holdings in shares of National Grid by 1.8% during the fourth quarter. Intrust Bank NA now owns 16,654 shares of the utilities provider’s stock valued at $1,132,000 after purchasing an additional 288 shares during the last quarter. Wellington Management Group LLP increased its position in shares of National Grid by 3.9% in the third quarter. Wellington Management Group LLP now owns 53,984 shares of the utilities provider’s stock worth $3,273,000 after acquiring an additional 2,049 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of National Grid by 6.3% during the fourth quarter. DAVENPORT & Co LLC now owns 70,514 shares of the utilities provider’s stock valued at $4,794,000 after acquiring an additional 4,162 shares during the period. Raymond James & Associates lifted its position in shares of National Grid by 0.7% in the 4th quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider’s stock valued at $85,712,000 after acquiring an additional 8,192 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in National Grid in the 4th quarter worth approximately $6,123,000. 4.68% of the stock is owned by institutional investors.

National Grid Stock Up 1.1 %

Shares of NGG stock traded up $0.72 during trading on Friday, hitting $68.33. 267,820 shares of the company were exchanged, compared to its average volume of 334,733. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93. The business’s 50-day simple moving average is $66.98 and its 200 day simple moving average is $65.95. National Grid plc has a twelve month low of $56.40 and a twelve month high of $74.48.

Analyst Ratings Changes

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

National Grid Profile

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.