Calamos Advisors LLC Has $696,000 Holdings in National Grid plc (NYSE:NGG)

Calamos Advisors LLC cut its holdings in National Grid plc (NYSE:NGG) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,719 shares of the utilities provider’s stock after selling 1,892 shares during the quarter. Calamos Advisors LLC’s holdings in National Grid were worth $696,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in shares of National Grid during the 3rd quarter valued at $37,000. Eastern Bank acquired a new stake in shares of National Grid during the third quarter valued at about $42,000. Quantbot Technologies LP acquired a new stake in shares of National Grid during the third quarter valued at about $60,000. Addison Advisors LLC boosted its stake in shares of National Grid by 267.9% during the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of National Grid by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 314 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Price Performance

Shares of NGG opened at $62.69 on Thursday. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The stock’s 50-day moving average price is $59.99 and its two-hundred day moving average price is $63.76. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.