Naviter Wealth LLC Has $1.24 Million Position in National Grid plc (NYSE:NGG)

Naviter Wealth LLC trimmed its holdings in National Grid plc (NYSE:NGG) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,448 shares of the utilities provider’s stock after selling 285 shares during the quarter. Naviter Wealth LLC’s holdings in National Grid were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NGG. Whipplewood Advisors LLC bought a new stake in National Grid in the fourth quarter worth approximately $25,000. Larson Financial Group LLC grew its position in shares of National Grid by 145.6% during the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after buying an additional 415 shares during the period. Rothschild Investment LLC increased its stake in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of National Grid during the 3rd quarter valued at $60,000. Finally, Eastern Bank lifted its position in shares of National Grid by 52.7% during the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 320 shares during the period. Institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

NGG has been the subject of several research analyst reports. Citigroup raised shares of 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 report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NGG opened at $60.85 on Friday. The business’s fifty day moving average is $60.39 and its 200 day moving average is $63.39. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. 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 stock has a market cap of $59.54 billion, a P/E ratio of 11.70, a P/E/G ratio of 5.64 and a beta of 0.63.

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.