First Horizon Advisors Inc. Sells 211 Shares of National Grid plc (NYSE:NGG)

First Horizon Advisors Inc. cut its position in shares of National Grid plc (NYSE:NGG) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,077 shares of the utilities provider’s stock after selling 211 shares during the period. First Horizon Advisors Inc.’s holdings in National Grid were worth $64,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in National Grid during the third quarter valued at approximately $37,000. Eastern Bank boosted its stake in National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after buying an additional 320 shares during the last quarter. Quantbot Technologies LP purchased a new stake in National Grid during the third quarter valued at approximately $60,000. Addison Advisors LLC raised its position in National Grid by 267.9% during the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 718 shares during the period. Finally, GAMMA Investing LLC raised its position in National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 224 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Price Performance

Shares of NYSE NGG opened at $61.50 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average price is $60.12 and its 200-day moving average price is $63.54. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.

Analyst Ratings Changes

NGG has been the topic of a number of recent research reports. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.