Zions Bancorporation N.A. lowered its stake in shares of National Grid plc (NYSE:NGG – Free Report) by 2.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 124,090 shares of the utilities provider’s stock after selling 2,963 shares during the period. National Grid comprises about 0.6% of Zions Bancorporation N.A.’s portfolio, making the stock its 21st largest holding. Zions Bancorporation N.A.’s holdings in National Grid were worth $8,645,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of NGG. RFP Financial Group LLC raised its stake in shares of National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of National Grid in the 1st quarter valued at about $27,000. Bessemer Group Inc. purchased a new position in shares of National Grid in the 1st quarter valued at about $29,000. Rothschild Investment LLC purchased a new position in shares of National Grid in the 2nd quarter valued at about $37,000. Finally, Fortitude Family Office LLC purchased a new position in shares of National Grid in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.
National Grid Price Performance
NYSE:NGG opened at $62.11 on Thursday. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The stock has a 50 day moving average of $67.13 and a two-hundred day moving average of $64.47. 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 cap of $60.69 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 5.93 and a beta of 0.62.
National Grid Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating for the company. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
View Our Latest Analysis on National Grid
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.
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