National Grid plc (NYSE:NGG) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its holdings in shares of National Grid plc (NYSE:NGG) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,052 shares of the utilities provider’s stock after selling 3,597 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in National Grid were worth $5,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NGG. Fortitude Family Office LLC purchased a new stake in National Grid during the 3rd quarter worth approximately $37,000. Eastern Bank purchased a new stake in National Grid during the 3rd quarter worth about $42,000. Quantbot Technologies LP acquired a new stake in National Grid in the 3rd quarter valued at about $60,000. Addison Advisors LLC boosted its stake in shares of National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after buying an additional 718 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of National Grid by 45.4% during the third quarter. GAMMA Investing LLC now owns 1,005 shares of the utilities provider’s stock worth $70,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

National Grid Stock Down 0.3 %

Shares of NYSE NGG opened at $61.50 on Friday. The business has a 50-day moving average of $59.89 and a two-hundred day moving average of $63.73. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

National Grid Company 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.