National Grid plc (NYSE:NGG) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in National Grid plc (NYSE:NGG) by 12.2% in the 4th quarter, Holdings Channel reports. The fund owned 8,973 shares of the utilities provider’s stock after selling 1,247 shares during the period. Stephens Inc. AR’s holdings in National Grid were worth $533,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Moors & Cabot Inc. grew its position 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 worth $390,000 after buying an additional 175 shares in the last quarter. Carr Financial Group Corp grew its position in shares of National Grid by 3.9% during the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after buying an additional 205 shares in the last quarter. Concord Wealth Partners grew its position in shares of National Grid by 11.2% during the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after buying an additional 206 shares in the last quarter. GAMMA Investing LLC grew its position 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 worth $73,000 after buying an additional 224 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of National Grid by 5.1% during the third quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock worth $346,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

Shares of NGG opened at $60.73 on Friday. The business’s fifty day moving average price is $59.77 and its 200 day moving average price is $63.69. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The stock has a market capitalization of $59.42 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 5.69 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.

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.