National Grid plc (NYSE:NGG) Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC lowered its stake in National Grid plc (NYSE:NGG) by 28.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,872 shares of the utilities provider’s stock after selling 12,675 shares during the quarter. Strategy Asset Managers LLC’s holdings in National Grid were worth $1,894,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in NGG. FMR LLC grew its holdings in shares of National Grid by 77.3% during the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock worth $277,964,000 after buying an additional 1,739,566 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of National Grid by 5.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider’s stock worth $83,496,000 after purchasing an additional 68,587 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of National Grid in the fourth quarter valued at approximately $67,324,000. Merewether Investment Management LP acquired a new stake in shares of National Grid in the third quarter valued at approximately $66,535,000. Finally, LPL Financial LLC grew its holdings in shares of National Grid by 3.3% in the fourth quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider’s stock valued at $46,441,000 after purchasing an additional 25,082 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

National Grid Stock Performance

NYSE:NGG opened at $65.66 on Friday. National Grid plc has a 52 week low of $54.24 and a 52 week high of $72.21. The company has a fifty day simple moving average of $61.92 and a two-hundred day simple moving average of $63.07. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The company has a market cap of $64.24 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

About National Grid

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.