Trexquant Investment LP decreased its position in National Grid plc (NYSE:NGG) by 49.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,556 shares of the utilities provider’s stock after selling 5,340 shares during the period. Trexquant Investment LP’s holdings in National Grid were worth $310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in National Grid by 6.5% in the 1st quarter. Wells Fargo & Company MN now owns 1,731,998 shares of the utilities provider’s stock worth $97,737,000 after purchasing an additional 104,956 shares during the period. Equity Investment Corp purchased a new stake in National Grid in the 1st quarter worth approximately $70,348,000. Royal Bank of Canada lifted its position in National Grid by 6.1% in the 1st quarter. Royal Bank of Canada now owns 935,680 shares of the utilities provider’s stock worth $52,801,000 after buying an additional 53,744 shares in the last quarter. Northern Trust Corp lifted its position in National Grid by 3.9% in the 1st quarter. Northern Trust Corp now owns 587,291 shares of the utilities provider’s stock worth $33,141,000 after buying an additional 22,225 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its position in National Grid by 0.7% in the 1st quarter. Mondrian Investment Partners LTD now owns 482,031 shares of the utilities provider’s stock worth $28,045,000 after buying an additional 3,337 shares in the last quarter. 5.49% of the stock is owned by hedge funds and other institutional investors.

NGG stock opened at $53.09 on Friday. National Grid plc has a 12-month low of $51.44 and a 12-month high of $65.60. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.77 and a quick ratio of 0.73.

NGG has been the subject of a number of research analyst reports. ValuEngine upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Finally, Deutsche Bank reiterated a “neutral” rating on shares of National Grid in a research report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $65.00.

National Grid Profile

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, and US Regulated segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,500 kilometers of underground cables; and 346 substations located in England and Wales.

Read More: Asset Allocation Models, Which is Right For You?

Institutional Ownership by Quarter for National Grid (NYSE:NGG)

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.