M. Kulyk & Associates LLC Decreases Stake in National Grid plc (NYSE:NGG)

M. Kulyk & Associates LLC decreased its position in National Grid plc (NYSE:NGG) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,355 shares of the utilities provider’s stock after selling 2,835 shares during the period. M. Kulyk & Associates LLC’s holdings in National Grid were worth $4,537,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its stake in National Grid by 46.0% in the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after buying an additional 11,402 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of National Grid during the 3rd quarter worth approximately $1,624,000. Natixis Advisors LLC increased its stake in shares of National Grid by 51.9% during the 3rd quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after purchasing an additional 38,123 shares during the last quarter. Icon Wealth Advisors LLC increased its stake in shares of National Grid by 1,620.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after purchasing an additional 36,243 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of National Grid by 351.1% during the 3rd quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after purchasing an additional 161,204 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

National Grid Trading Up 2.4 %

Shares of NGG stock opened at $60.85 on Friday. The company has a 50 day moving average of $60.39 and a 200-day moving average of $63.39. The firm has a market cap of $59.54 billion, a P/E ratio of 11.70, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

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.