Venturi Wealth Management LLC Reduces Stake in National Grid plc (NYSE:NGG)

Venturi Wealth Management LLC trimmed its stake in National Grid plc (NYSE:NGG) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,534 shares of the utilities provider’s stock after selling 606 shares during the quarter. Venturi Wealth Management LLC’s holdings in National Grid were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NGG. Fortitude Family Office LLC purchased a new position in National Grid in the third quarter valued at about $37,000. Eastern Bank purchased a new stake in shares of National Grid during the 3rd quarter valued at approximately $42,000. Quantbot Technologies LP purchased a new stake in shares of National Grid during the 3rd quarter valued at approximately $60,000. Addison Advisors LLC lifted its stake in shares of National Grid by 267.9% during the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after buying an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of National Grid by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NGG shares. StockNews.com cut shares of National Grid from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, National Grid has an average rating of “Moderate Buy”.

National Grid Price Performance

NYSE NGG opened at $60.99 on Thursday. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. 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 simple moving average is $59.75 and its two-hundred day simple moving average is $63.58.

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.