Capital International Investors Sells 143,426 Shares of National Grid plc (NYSE:NGG)

Capital International Investors lowered its position in shares of National Grid plc (NYSE:NGG) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,127,470 shares of the utilities provider’s stock after selling 143,426 shares during the quarter. Capital International Investors owned 0.12% of National Grid worth $66,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jane Street Group LLC boosted its position in National Grid by 211.0% in the third quarter. Jane Street Group LLC now owns 22,156 shares of the utilities provider’s stock worth $1,544,000 after purchasing an additional 15,031 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of National Grid in the 3rd quarter worth about $522,000. Wilmington Savings Fund Society FSB bought a new position in National Grid during the third quarter valued at about $312,000. Franklin Resources Inc. purchased a new stake in National Grid during the third quarter worth about $316,000. Finally, GAMMA Investing LLC raised its position in National Grid by 22.3% in 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 period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.8 %

NYSE:NGG opened at $72.03 on Friday. National Grid plc has a 1 year low of $54.24 and a 1 year high of $73.09. The stock’s fifty day moving average price is $63.94 and its two-hundred day moving average price is $62.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company has a market cap of $70.48 billion, a P/E ratio of 13.85, a P/E/G ratio of 5.64 and a beta of 0.58.

Analyst Ratings Changes

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