Calamos Advisors LLC Sells 983 Shares of National Grid plc (NYSE:NGG)

Calamos Advisors LLC cut its stake in National Grid plc (NYSE:NGG) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,899 shares of the utilities provider’s stock after selling 983 shares during the quarter. Calamos Advisors LLC’s holdings in National Grid were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its holdings in National Grid by 2.8% during the first quarter. Bank of America Corp DE now owns 3,185,564 shares of the utilities provider’s stock valued at $216,586,000 after purchasing an additional 85,586 shares during the period. Federated Hermes Inc. boosted its position in shares of National Grid by 8.1% during the fourth quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock worth $200,281,000 after purchasing an additional 220,504 shares in the last quarter. Morgan Stanley increased its position in shares of National Grid by 6.8% in the 3rd quarter. Morgan Stanley now owns 1,878,189 shares of the utilities provider’s stock valued at $113,875,000 after buying an additional 120,367 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in National Grid by 4.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,774,568 shares of the utilities provider’s stock worth $119,482,000 after buying an additional 82,420 shares during the period. Finally, FMR LLC lifted its holdings in National Grid by 23.9% during the third quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock worth $99,962,000 after acquiring an additional 318,533 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Trading Down 0.1 %

Shares of National Grid stock opened at $65.38 on Monday. National Grid plc has a 52-week low of $56.40 and a 52-week high of $74.48. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82. The business’s 50 day simple moving average is $66.66 and its 200 day simple moving average is $65.53.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NGG. Deutsche Bank Aktiengesellschaft upgraded National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. BNP Paribas upgraded shares of National Grid from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group upgraded shares of National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,165.00.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.