National Grid plc (NYSE:NGG) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. decreased its holdings in National Grid plc (NYSE:NGG) by 32.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,536 shares of the utilities provider’s stock after selling 1,676 shares during the quarter. Wrapmanager Inc.’s holdings in National Grid were worth $210,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. IFP Advisors Inc lifted its stake in National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of National Grid by 3.2% during 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 holdings in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares during the period. Carr Financial Group Corp lifted its position in shares of National Grid by 3.9% in the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after buying an additional 205 shares during the last quarter. Finally, Concord Wealth Partners boosted its holdings in shares of National Grid by 11.2% in the 3rd quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after buying an additional 206 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup raised 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Trading Up 0.9 %

NGG stock opened at $62.74 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The firm’s 50-day simple moving average is $59.94 and its 200 day simple moving average is $63.56. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.

About National Grid

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.