National Grid plc (NGG) Holdings Trimmed by Maven Securities LTD

Share on StockTwits

Maven Securities LTD cut its holdings in shares of National Grid plc (NYSE:NGG) by 41.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the utilities provider’s stock after selling 7,000 shares during the period. Maven Securities LTD’s holdings in National Grid were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NGG. Renaissance Technologies LLC boosted its position in shares of National Grid by 23.5% during the 3rd quarter. Renaissance Technologies LLC now owns 3,887,281 shares of the utilities provider’s stock worth $201,594,000 after purchasing an additional 739,853 shares in the last quarter. Capital International Investors grew its stake in National Grid by 9.0% in the 3rd quarter. Capital International Investors now owns 2,935,366 shares of the utilities provider’s stock valued at $152,228,000 after buying an additional 241,800 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in National Grid by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 401,172 shares of the utilities provider’s stock valued at $19,248,000 after buying an additional 21,398 shares in the last quarter. Reaves W H & Co. Inc. purchased a new position in National Grid in the 3rd quarter valued at approximately $16,612,000. Finally, Vaughan David Investments LLC IL grew its stake in National Grid by 3.6% in the 3rd quarter. Vaughan David Investments LLC IL now owns 271,764 shares of the utilities provider’s stock valued at $14,094,000 after buying an additional 9,325 shares in the last quarter. Hedge funds and other institutional investors own 5.46% of the company’s stock.

NGG has been the subject of several analyst reports. Royal Bank of Canada raised shares of National Grid from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 6th. Zacks Investment Research downgraded shares of National Grid from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Finally, Barclays assumed coverage on shares of National Grid in a research note on Wednesday, January 30th. They issued an “overweight” rating for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $61.00.

NGG stock traded down $0.07 during trading on Thursday, hitting $57.91. 56,336 shares of the company’s stock traded hands, compared to its average volume of 449,004. National Grid plc has a 52 week low of $46.36 and a 52 week high of $59.82. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $39.41 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 10.15 and a beta of 0.45.

COPYRIGHT VIOLATION NOTICE: “National Grid plc (NGG) Holdings Trimmed by Maven Securities LTD” was originally posted by Week Herald and is the property of of Week Herald. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://weekherald.com/2019/03/14/national-grid-plc-ngg-holdings-trimmed-by-maven-securities-ltd.html.

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

Further Reading: The Structure of a Futures Contract

Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG).

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

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.