TD Private Client Wealth LLC Sells 8,005 Shares of National Grid plc (NYSE:NGG)

TD Private Client Wealth LLC lessened its holdings in shares of National Grid plc (NYSE:NGG) by 13.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,114 shares of the utilities provider’s stock after selling 8,005 shares during the period. TD Private Client Wealth LLC’s holdings in National Grid were worth $3,037,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 174 shares during the period. Moors & Cabot Inc. lifted its stake in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after acquiring an additional 175 shares during the period. Rothschild Investment LLC lifted its stake in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after acquiring an additional 196 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 224 shares during the period. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

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

National Grid Trading Down 2.0 %

NYSE:NGG opened at $63.77 on Friday. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. The business’s 50-day moving average price is $61.33 and its two-hundred day moving average price is $63.20. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $62.39 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 5.64 and a beta of 0.63.

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.