TD Private Client Wealth LLC Sells 8,005 Shares of National Grid plc (NYSE:NGG)

TD Private Client Wealth LLC reduced its holdings in National Grid plc (NYSE:NGG) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,114 shares of the utilities provider’s stock after selling 8,005 shares during the quarter. TD Private Client Wealth LLC’s holdings in National Grid were worth $3,037,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. IFP Advisors Inc increased its holdings in shares of National Grid by 20.0% in the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after buying an additional 175 shares in the last quarter. Rothschild Investment LLC grew its holdings 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 buying an additional 192 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after buying an additional 196 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after buying an additional 224 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Down 2.0 %

NGG stock opened at $63.77 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 business has a 50 day moving average price of $61.33 and a two-hundred day moving average price of $63.20. The company has a market cap of $62.39 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 5.64 and a beta of 0.63. National Grid plc has a twelve month low of $54.24 and a twelve month high of $72.21.

Analyst Upgrades and Downgrades

NGG has been the subject of a number of research reports. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, National Grid has a consensus 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.