Mystic Asset Management Inc. Has $566,000 Holdings in National Grid plc (NYSE:NGG)

Mystic Asset Management Inc. lowered its position in shares of National Grid plc (NYSE:NGG) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,530 shares of the utilities provider’s stock after selling 610 shares during the period. Mystic Asset Management Inc.’s holdings in National Grid were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 174 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of National Grid by 3.2% in the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 175 shares during the period. Rothschild Investment LLC raised its stake in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 196 shares during the period. Finally, GAMMA Investing LLC grew its stake in 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. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Trading Up 1.5 %

NGG opened at $64.18 on Tuesday. The company has a market cap of $62.80 billion, a P/E ratio of 12.34, a PEG ratio of 5.64 and a beta of 0.63. 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 company’s 50 day moving average is $60.81 and its 200-day moving average is $63.22. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21.

Wall Street Analysts Forecast Growth

NGG has been the subject of several analyst reports. Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.