Tudor Investment Corp ET AL Has $4.66 Million Position in National Grid plc (NYSE:NGG)

Tudor Investment Corp ET AL cut its holdings in National Grid plc (NYSE:NGG) by 52.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,366 shares of the utilities provider’s stock after selling 85,404 shares during the period. Tudor Investment Corp ET AL’s holdings in National Grid were worth $4,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in National Grid by 20.0% in the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of National Grid by 0.8% in the 4th 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. lifted its position in shares of 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 acquiring an additional 198 shares during the period. Finally, GAMMA Investing LLC boosted its stake in National Grid by 22.3% during 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 in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Price Performance

Shares of NYSE NGG opened at $71.67 on Friday. The stock has a market cap of $70.13 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 5.64 and a beta of 0.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $74.82. The firm’s 50-day simple moving average is $66.03 and its 200 day simple moving average is $63.20.

Analyst Upgrades and Downgrades

NGG has been the subject of several research analyst reports. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS Group downgraded National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, National Grid presently has an average 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.