Russell Investments Group Ltd. Sells 6,179 Shares of National Grid plc (NYSE:NGG)

Russell Investments Group Ltd. decreased its holdings in shares of National Grid plc (NYSE:NGG) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,705 shares of the utilities provider’s stock after selling 6,179 shares during the period. Russell Investments Group Ltd.’s holdings in National Grid were worth $5,487,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NGG. UMB Bank n.a. boosted its stake in shares of National Grid by 22.7% in the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock worth $56,000 after buying an additional 153 shares during the last quarter. Dearborn Partners LLC increased its position in shares of National Grid by 3.8% during the 3rd quarter. Dearborn Partners LLC now owns 4,803 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 177 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of National Grid by 14.5% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock worth $98,000 after purchasing an additional 183 shares during the period. Keybank National Association OH raised its stake in shares of National Grid by 4.9% during the 3rd quarter. Keybank National Association OH now owns 3,965 shares of the utilities provider’s stock worth $240,000 after purchasing an additional 184 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of National Grid by 18.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,301 shares of the utilities provider’s stock worth $89,000 after buying an additional 204 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded National Grid from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,165.00.

National Grid Stock Up 1.4 %

NGG opened at $70.80 on Friday. The company has a 50 day moving average of $67.18 and a 200 day moving average of $66.20. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. National Grid plc has a 12 month low of $56.40 and a 12 month high of $74.48.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.