National Grid plc (NYSE:NGG) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its stake in shares of National Grid plc (NYSE:NGG) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,636 shares of the utilities provider’s stock after selling 1,378 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in National Grid were worth $454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lindbrook Capital LLC grew its stake in National Grid by 33.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,575 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 396 shares in the last quarter. Raymond James Financial Inc. acquired a new position in National Grid during the 4th quarter worth $67,324,000. Verdence Capital Advisors LLC grew its stake in National Grid by 0.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 196 shares in the last quarter. Aigen Investment Management LP acquired a new position in National Grid during the 4th quarter worth $436,000. Finally, Assetmark Inc. grew its stake in National Grid by 4.2% during the 4th quarter. Assetmark Inc. now owns 36,784 shares of the utilities provider’s stock worth $2,186,000 after purchasing an additional 1,485 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NGG has been the subject of several analyst reports. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, National Grid has a consensus rating of “Moderate Buy”.

National Grid Stock Up 2.4 %

Shares of NYSE NGG opened at $60.85 on Friday. The company has a market capitalization of $59.54 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The business has a 50-day moving average of $60.39 and a two-hundred day moving average of $63.39. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.

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.