Wilmington Savings Fund Society FSB Has $219,000 Holdings in National Grid plc (NYSE:NGG)

Wilmington Savings Fund Society FSB cut its holdings in shares of National Grid plc (NYSE:NGG) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,680 shares of the utilities provider’s stock after selling 804 shares during the period. Wilmington Savings Fund Society FSB’s holdings in National Grid were worth $219,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Cidel Asset Management Inc. boosted its position in National Grid by 4.6% in the 4th quarter. Cidel Asset Management Inc. now owns 59,177 shares of the utilities provider’s stock valued at $3,516,000 after buying an additional 2,615 shares during the last quarter. Lockheed Martin Investment Management Co. bought a new position in shares of National Grid in the 4th quarter worth $2,418,000. Groesbeck Investment Management Corp NJ bought a new position in shares of National Grid in the 4th quarter worth $353,000. Brown Lisle Cummings Inc. raised its stake in National Grid by 11.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 5,040 shares of the utilities provider’s stock worth $299,000 after buying an additional 500 shares during the period. Finally, Optas LLC raised its stake in National Grid by 17.0% during the 4th quarter. Optas LLC now owns 7,866 shares of the utilities provider’s stock worth $467,000 after buying an additional 1,141 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Performance

NGG opened at $60.54 on Thursday. The business’s 50-day moving average price is $59.82 and its two-hundred day moving average price is $63.72. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.

Analyst Upgrades and Downgrades

Separately, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, National Grid presently 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.