First Bank & Trust Sells 8,640 Shares of National Grid plc (NYSE:NGG)

First Bank & Trust lessened its stake in shares of National Grid plc (NYSE:NGG) by 18.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,369 shares of the utilities provider’s stock after selling 8,640 shares during the period. First Bank & Trust’s holdings in National Grid were worth $2,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Moors & Cabot Inc. increased its position in shares of National Grid by 3.2% during the third quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 175 shares in the last quarter. Carr Financial Group Corp increased its position in shares of National Grid by 3.9% during the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after purchasing an additional 205 shares in the last quarter. Concord Wealth Partners increased its position in shares of National Grid by 11.2% during the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 206 shares in the last quarter. GAMMA Investing LLC increased its position in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of National Grid by 5.1% during the third quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded National Grid from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

National Grid Stock Up 1.0 %

Shares of NGG opened at $60.99 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company’s fifty day moving average price is $59.75 and its 200-day moving average price is $63.58.

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.