First Bank & Trust Reduces Position in National Grid plc (NYSE:NGG)

First Bank & Trust trimmed its holdings in National Grid plc (NYSE:NGG) by 18.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,369 shares of the utilities provider’s stock after selling 8,640 shares during the period. First Bank & Trust’s holdings in National Grid were worth $2,339,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new stake in National Grid in the third quarter valued at $37,000. Eastern Bank purchased a new stake in National Grid in the third quarter valued at $42,000. Quantbot Technologies LP purchased a new stake in National Grid in the third quarter valued at $60,000. Addison Advisors LLC boosted its holdings in National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 718 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 224 shares during the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on NGG. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com downgraded shares of National Grid from a “hold” rating to a “sell” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Trading Up 1.0 %

Shares of National Grid stock opened at $60.99 on Thursday. The firm has a 50-day simple moving average of $59.75 and a two-hundred day simple moving average of $63.58. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

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.