Bank of Montreal Can Sells 88,096 Shares of National Grid plc (NYSE:NGG)

Bank of Montreal Can lessened its holdings in National Grid plc (NYSE:NGG) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 465,298 shares of the utilities provider’s stock after selling 88,096 shares during the quarter. Bank of Montreal Can’s holdings in National Grid were worth $27,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc grew its stake in shares of National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after buying an additional 174 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 192 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after acquiring an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 198 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

NYSE NGG opened at $65.66 on Friday. 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 company has a market capitalization of $64.25 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 5.64 and a beta of 0.58. The stock has a 50-day moving average of $62.86 and a 200 day moving average of $62.73. National Grid plc has a one year low of $54.24 and a one year high of $72.21.

Analyst Ratings Changes

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