CIBC Private Wealth Group LLC Sells 209 Shares of National Grid plc (NYSE:NGG)

CIBC Private Wealth Group LLC lessened its holdings in shares of National Grid plc (NYSE:NGG) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,168 shares of the utilities provider’s stock after selling 209 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in National Grid were worth $416,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of National Grid by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider’s stock valued at $83,496,000 after buying an additional 68,587 shares during the last quarter. Raymond James Financial Inc. acquired a new position in National Grid during the 4th quarter valued at about $67,324,000. LPL Financial LLC increased its holdings in National Grid by 3.3% during the 4th quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider’s stock worth $46,441,000 after purchasing an additional 25,082 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of National Grid in the fourth quarter worth approximately $21,706,000. Finally, Hennessy Advisors Inc. lifted its holdings in shares of National Grid by 2.8% in the fourth quarter. Hennessy Advisors Inc. now owns 209,144 shares of the utilities provider’s stock valued at $12,427,000 after purchasing an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Trading Down 4.9 %

Shares of National Grid stock opened at $66.01 on Friday. The firm has a market cap of $64.59 billion, a PE ratio of 12.69, a P/E/G ratio of 5.64 and a beta of 0.58. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The stock has a fifty day moving average price of $62.53 and a 200-day moving average price of $62.92.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NGG. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.