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

Wrapmanager Inc. reduced its position in National Grid plc (NYSE:NGG) by 32.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its holdings in shares of National Grid by 46.0% in the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after purchasing an additional 11,402 shares during the period. XTX Topco Ltd acquired a new stake in National Grid during the 3rd quarter worth approximately $1,624,000. Natixis Advisors LLC raised its holdings in National Grid by 51.9% in the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock valued at $7,770,000 after buying an additional 38,123 shares during the period. Icon Wealth Advisors LLC raised its holdings in National Grid by 1,620.2% in the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock valued at $2,681,000 after buying an additional 36,243 shares during the period. Finally, National Bank of Canada FI lifted its position in National Grid by 351.1% during the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock valued at $14,429,000 after buying an additional 161,204 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Up 0.9 %

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup raised shares of 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 report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.