National Grid plc (NYSE:NGG) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in National Grid plc (NYSE:NGG) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,701 shares of the utilities provider’s stock after selling 9,233 shares during the period. Corient Private Wealth LLC’s holdings in National Grid were worth $5,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NGG. Whipplewood Advisors LLC acquired a new position in shares of National Grid during the fourth quarter worth $25,000. Larson Financial Group LLC grew its stake in shares of National Grid by 145.6% during 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 grew its stake in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of National Grid during the third quarter worth $60,000. Finally, Eastern Bank grew its stake in shares of National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on NGG shares. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NGG opened at $63.77 on Friday. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. The stock has a market cap of $62.39 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The firm has a fifty day moving average price of $61.33 and a 200 day moving average price of $63.20.

About National Grid

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.