EverSource Wealth Advisors LLC Cuts Stock Position in National Grid plc (NYSE:NGG)

EverSource Wealth Advisors LLC lessened its holdings in shares of National Grid plc (NYSE:NGG) by 15.9% during the 2nd quarter, Holdings Channel reports. The firm owned 960 shares of the utilities provider’s stock after selling 181 shares during the period. EverSource Wealth Advisors LLC’s holdings in National Grid were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NGG. Envestnet Asset Management Inc. lifted its holdings in National Grid by 5.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,286,459 shares of the utilities provider’s stock worth $87,466,000 after buying an additional 70,730 shares in the last quarter. Capital International Investors purchased a new position in National Grid in the first quarter valued at $86,218,000. Hsbc Holdings PLC grew its stake in National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock worth $36,917,000 after purchasing an additional 644,553 shares in the last quarter. Stifel Financial Corp increased its holdings in National Grid by 11.6% during the 4th quarter. Stifel Financial Corp now owns 247,902 shares of the utilities provider’s stock worth $16,855,000 after purchasing an additional 25,673 shares during the period. Finally, Beck Bode LLC raised its position in National Grid by 16.4% in the 2nd quarter. Beck Bode LLC now owns 187,842 shares of the utilities provider’s stock valued at $10,669,000 after purchasing an additional 26,437 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Stock Performance

Shares of NYSE NGG opened at $69.73 on Friday. The stock’s 50-day simple moving average is $66.07 and its 200-day simple moving average is $64.68. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84.

Analyst Ratings Changes

NGG has been the subject of a number of analyst reports. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company 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.