National Grid plc (NYSE:NGG) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its holdings in National Grid plc (NYSE:NGG) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,505 shares of the utilities provider’s stock after selling 757 shares during the quarter. M&T Bank Corp’s holdings in National Grid were worth $4,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of National Grid by 127.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,617 shares of the utilities provider’s stock worth $1,917,000 after acquiring an additional 17,725 shares during the period. Bailard Inc. raised its stake in National Grid by 3.5% during the third quarter. Bailard Inc. now owns 5,088 shares of the utilities provider’s stock worth $309,000 after purchasing an additional 170 shares during the period. Concord Wealth Partners boosted its holdings in shares of National Grid by 9.8% in the 3rd quarter. Concord Wealth Partners now owns 1,922 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 171 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of National Grid by 19.5% during the 3rd quarter. Lindbrook Capital LLC now owns 1,254 shares of the utilities provider’s stock valued at $76,000 after buying an additional 205 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in shares of National Grid by 5.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 18,583 shares of the utilities provider’s stock valued at $1,127,000 after buying an additional 957 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

National Grid Trading Up 0.5 %

NGG stock opened at $68.65 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. National Grid plc has a 1 year low of $56.40 and a 1 year high of $74.48. The stock has a 50-day simple moving average of $67.04 and a 200-day simple moving average of $66.10.

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.