M&T Bank Corp Sells 525 Shares of National Grid plc (NYSE:NGG)

M&T Bank Corp lowered its position in National Grid plc (NYSE:NGG) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 66,126 shares of the utilities provider’s stock after selling 525 shares during the quarter. M&T Bank Corp’s holdings in National Grid were worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of National Grid by 4.2% in the fourth quarter. Assetmark Inc. now owns 36,784 shares of the utilities provider’s stock worth $2,186,000 after acquiring an additional 1,485 shares during the period. Charles Schwab Investment Management Inc. lifted its position in National Grid by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,013 shares of the utilities provider’s stock valued at $3,863,000 after purchasing an additional 3,186 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in National Grid by 85.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,881 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 2,247 shares in the last quarter. Sage Rhino Capital LLC lifted its position in National Grid by 23.1% during the fourth quarter. Sage Rhino Capital LLC now owns 4,368 shares of the utilities provider’s stock valued at $260,000 after purchasing an additional 821 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in National Grid during the fourth quarter valued at $665,000. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NGG has been the topic of several analyst reports. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Friday. One equities 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, National Grid has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of National Grid stock opened at $60.85 on Friday. The stock’s 50-day simple moving average is $60.39 and its 200-day simple moving average is $63.39. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The company has a market capitalization of $59.54 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 5.64 and a beta of 0.63. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

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.