Freedom Investment Management Inc. Lowers Position in National Grid plc (NYSE:NGG)

Freedom Investment Management Inc. lessened its stake in shares of National Grid plc (NYSE:NGG) by 14.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,262 shares of the utilities provider’s stock after selling 747 shares during the period. Freedom Investment Management Inc.’s holdings in National Grid were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NGG. IFP Advisors Inc raised its holdings in National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 174 shares during the period. Rothschild Investment LLC grew its position in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Verdence Capital Advisors LLC grew its position 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 worth $1,422,000 after purchasing an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 198 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

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

National Grid Stock Up 2.0 %

Shares of NGG opened at $74.39 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. The stock has a market capitalization of $72.78 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. National Grid plc has a 1 year low of $54.24 and a 1 year high of $74.82. The business’s 50 day simple moving average is $64.45 and its 200-day simple moving average is $62.87.

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.