Corient Private Wealth LLC Decreases Stock Holdings in National Grid plc (NYSE:NGG)

Corient Private Wealth LLC trimmed its holdings in National Grid plc (NYSE:NGG) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,701 shares of the utilities provider’s stock after selling 9,233 shares during the quarter. Corient Private Wealth LLC’s holdings in National Grid were worth $5,211,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of National Grid by 20.0% during the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after buying an additional 174 shares during the period. Moors & Cabot Inc. raised its position in shares of National Grid by 3.2% during the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after buying an additional 175 shares during the period. Rothschild Investment LLC raised 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 valued at $43,000 after buying an additional 192 shares during the period. Verdence Capital Advisors LLC raised its position in shares of National Grid by 0.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after buying an additional 196 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of National Grid by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

NGG has been the topic of several analyst reports. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

National Grid Stock Down 2.0 %

Shares of NYSE NGG opened at $63.77 on Friday. The firm 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. 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 plc has a 52-week low of $54.24 and a 52-week high of $72.21. The business’s 50 day moving average is $61.33 and its two-hundred day moving average is $63.20.

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.