National Grid plc (NYSE:NGG) Stake Trimmed by Spire Wealth Management

Spire Wealth Management lessened its stake in shares of National Grid plc (NYSE:NGG) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,240 shares of the utilities provider’s stock after selling 353 shares during the period. Spire Wealth Management’s holdings in National Grid were worth $82,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Trust Company N.A purchased a new stake in shares of National Grid in the 4th quarter valued at approximately $51,000. Planned Solutions Inc. purchased a new stake in shares of National Grid in the fourth quarter valued at $53,000. UMB Bank n.a. boosted its position in shares of National Grid by 22.7% in the fourth quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after buying an additional 153 shares during the period. GAMMA Investing LLC purchased a new position in shares of National Grid during the fourth quarter valued at $59,000. Finally, Bruce G. Allen Investments LLC acquired a new position in National Grid during the fourth quarter valued at $69,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on NGG shares. BNP Paribas upgraded National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group raised shares of National Grid from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,165.00.

National Grid Trading Down 0.6 %

Shares of NGG opened at $70.80 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. National Grid plc has a twelve month low of $56.40 and a twelve month high of $73.89. The firm’s 50 day moving average price is $67.36 and its 200 day moving average price is $66.41.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.