Clearbridge Investments LLC Has $8.86 Million Position in National Grid plc (NYSE:NGG)

Clearbridge Investments LLC cut its holdings in shares of National Grid plc (NYSE:NGG) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,169 shares of the utilities provider’s stock after selling 28,995 shares during the period. Clearbridge Investments LLC’s holdings in National Grid were worth $8,864,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of 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 period. Rothschild Investment LLC lifted its holdings in National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after buying an additional 192 shares during the period. Verdence Capital Advisors LLC grew its position in shares of National Grid by 0.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after buying an additional 196 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after buying an additional 198 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 224 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Trading Up 0.0 %

Shares of NGG stock opened at $65.79 on Thursday. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The stock has a 50 day simple moving average of $62.24 and a two-hundred day simple moving average of $62.95. The company has a market cap of $64.37 billion, a P/E ratio of 12.65, a PEG ratio of 5.64 and a beta of 0.63.

Analyst Ratings Changes

NGG has been the subject of a number of recent analyst reports. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

National Grid 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.