Stephens Inc. AR Cuts Stake in National Grid plc (NYSE:NGG)

Stephens Inc. AR reduced its stake in shares of National Grid plc (NYSE:NGG) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 have also modified their holdings of the company. Fortitude Family Office LLC purchased a new position in shares of National Grid during the 3rd quarter worth about $37,000. Eastern Bank purchased a new position in National Grid in the third quarter valued at approximately $42,000. Quantbot Technologies LP purchased a new position in National Grid in the third quarter valued at approximately $60,000. Addison Advisors LLC raised its holdings in National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after buying an additional 718 shares during the period. Finally, GAMMA Investing LLC raised its holdings in National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Trading Down 0.9 %

NYSE NGG opened at $60.73 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The company’s 50 day moving average price is $59.77 and its 200 day moving average price is $63.69. The firm has a market capitalization of $59.42 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 5.69 and a beta of 0.63.

Wall Street Analyst Weigh In

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

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.