National Grid plc (NYSE:NGG) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lowered its stake in shares of National Grid plc (NYSE:NGG) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,121 shares of the utilities provider’s stock after selling 5,019 shares during the quarter. Captrust Financial Advisors’ holdings in National Grid were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in National Grid during the 4th quarter worth $25,000. Brown Brothers Harriman & Co. lifted its position in shares of National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 198 shares during the last quarter. Larson Financial Group LLC grew its stake in National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 415 shares in the last quarter. Rothschild Investment LLC increased its holdings in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after buying an additional 192 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in National Grid in the fourth quarter valued at about $53,000. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NGG. Citigroup reaffirmed a “neutral” rating on shares of National Grid in a report on Tuesday, May 6th. UBS Group cut National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

National Grid Price Performance

NGG opened at $70.09 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $67.74 and its 200 day moving average price is $63.43. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $74.82. The firm has a market cap of $68.58 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

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.