AMG National Trust Bank Sells 4,280 Shares of National Grid plc (NYSE:NGG)

AMG National Trust Bank reduced its holdings in National Grid plc (NYSE:NGG) by 26.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,820 shares of the utilities provider’s stock after selling 4,280 shares during the quarter. AMG National Trust Bank’s holdings in National Grid were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc increased 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 purchasing an additional 174 shares during the last quarter. Moors & Cabot Inc. increased 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 purchasing an additional 175 shares during the last quarter. Rothschild Investment LLC increased 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 purchasing an additional 192 shares during the last quarter. Verdence Capital Advisors LLC increased 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 purchasing an additional 196 shares during the last quarter. Finally, Carr Financial Group Corp increased its position in shares of National Grid by 3.9% during the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 205 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Price Performance

NGG opened at $60.85 on Friday. The stock’s 50 day simple moving average is $60.39 and its 200 day simple moving average is $63.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The firm has a market cap of $59.54 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 5.64 and a beta of 0.63.

Analyst Ratings Changes

Several brokerages have recently commented on NGG. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, 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.