National Grid plc (NGG) Holdings Trimmed by Equity Investment Corp

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Equity Investment Corp trimmed its position in National Grid plc (NYSE:NGG) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,185,173 shares of the utilities provider’s stock after selling 41,607 shares during the quarter. National Grid comprises 2.0% of Equity Investment Corp’s investment portfolio, making the stock its 28th biggest position. Equity Investment Corp’s holdings in National Grid were worth $61,463,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. NumerixS Investment Technologies Inc boosted its holdings in National Grid by 216.7% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 1,300 shares during the last quarter. Barclays PLC acquired a new position in National Grid in the 1st quarter valued at about $125,000. Cozad Asset Management Inc. acquired a new position in National Grid in the 2nd quarter valued at about $201,000. Checchi Capital Advisers LLC acquired a new position in National Grid in the 2nd quarter valued at about $202,000. Finally, Intrust Bank NA acquired a new position in National Grid in the 2nd quarter valued at about $204,000. Institutional investors own 5.48% of the company’s stock.

Several equities analysts have weighed in on NGG shares. ValuEngine lowered shares of National Grid from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of National Grid from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $65.00.

National Grid stock opened at $55.21 on Wednesday. The company has a market capitalization of $36.18 billion, a PE ratio of 14.05, a P/E/G ratio of 6.35 and a beta of 0.22. National Grid plc has a 1 year low of $50.52 and a 1 year high of $61.97. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.18.

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About National Grid

National Grid Plc engages in the transmission and distribution of electricity and gas. It operates through the following segments: UK Electricity Transmission, UK Gas Transmission, and U.S. Regulated. The UK Electricity Transmission segment engages in electricity transmission in England and Wales. The UK Gas Transmission segment owns and operates the gas national transmission system in Great Britain, with day-to-day responsibility for balancing demand.

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Institutional Ownership by Quarter for National Grid (NYSE:NGG)

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