National Grid plc (NYSE:NGG) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its holdings in National Grid plc (NYSE:NGG) by 16.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,808 shares of the utilities provider’s stock after selling 757 shares during the period. Greenleaf Trust’s holdings in National Grid were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. FMR LLC boosted its position in National Grid by 23.9% during the 3rd quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock valued at $99,962,000 after purchasing an additional 318,533 shares during the period. Federated Hermes Inc. boosted its holdings 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 valued at $200,281,000 after acquiring an additional 220,504 shares during the period. Envestnet Asset Management Inc. grew its position in shares of National Grid by 21.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider’s stock worth $73,710,000 after acquiring an additional 214,919 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of National Grid in the 4th quarter worth about $11,446,000. Finally, Invesco Ltd. increased its holdings in shares of National Grid by 29.4% in the 3rd quarter. Invesco Ltd. now owns 644,408 shares of the utilities provider’s stock worth $39,070,000 after acquiring an additional 146,559 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

National Grid Price Performance

National Grid stock opened at $66.82 on Thursday. National Grid plc has a 12-month low of $56.40 and a 12-month high of $74.48. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. The firm has a 50 day simple moving average of $66.81 and a 200-day simple moving average of $65.64.

National Grid 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.