National Grid plc (NYSE:NGG) Stake Cut by Wambolt & Associates LLC

Wambolt & Associates LLC lessened its stake in National Grid plc (NYSE:NGG) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,201 shares of the utilities provider’s stock after selling 3,975 shares during the quarter. Wambolt & Associates LLC’s holdings in National Grid were worth $1,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new stake in shares of National Grid during the 3rd quarter worth about $248,000. Pathstone Holdings LLC lifted its stake in National Grid by 46.0% in the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after acquiring an additional 11,402 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of National Grid by 2.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,678 shares of the utilities provider’s stock worth $1,023,000 after purchasing an additional 282 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of National Grid by 134.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 61,827 shares of the utilities provider’s stock valued at $4,307,000 after purchasing an additional 35,451 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of National Grid by 5.5% in the 3rd quarter. Raymond James Trust N.A. now owns 17,334 shares of the utilities provider’s stock valued at $1,208,000 after purchasing an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Trading Down 1.6 %

Shares of NYSE:NGG opened at $62.84 on Tuesday. National Grid plc has a 52-week low of $54.24 and a 52-week high of $72.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market cap of $61.49 billion, a P/E ratio of 12.09, a P/E/G ratio of 5.64 and a beta of 0.63. The stock’s 50-day moving average is $61.45 and its 200-day moving average is $63.12.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NGG shares. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company 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.