Vanguard Personalized Indexing Management LLC Cuts Position in National Grid plc (NYSE:NGG)

Vanguard Personalized Indexing Management LLC reduced its position in shares of National Grid plc (NYSE:NGG) by 10.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,808 shares of the utilities provider’s stock after selling 2,640 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in National Grid were worth $1,265,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. RFP Financial Group LLC boosted its holdings in National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Headlands Technologies LLC purchased a new position in shares of National Grid in the first quarter valued at approximately $27,000. Richardson Financial Services Inc. acquired a new position in shares of National Grid in the first quarter valued at approximately $28,000. Bessemer Group Inc. acquired a new position in shares of National Grid in the first quarter valued at approximately $29,000. Finally, Creekmur Asset Management LLC purchased a new stake in National Grid during the 4th quarter worth approximately $29,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Trading Up 1.0 %

NYSE NGG opened at $69.55 on Monday. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The firm has a 50 day moving average of $65.35 and a two-hundred day moving average of $64.58. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $55.18 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 4.81 and a beta of 0.61.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

About National Grid

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.