World Asset Management Inc cut its stake in shares of National Grid plc (NYSE:NGG) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,562 shares of the utilities provider’s stock after selling 3,128 shares during the quarter. World Asset Management Inc’s holdings in National Grid were worth $911,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of NGG. Private Capital Group LLC lifted its holdings in shares of National Grid by 6,803.7% during the first quarter. Private Capital Group LLC now owns 1,864 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 1,837 shares during the period. NumerixS Investment Technologies Inc lifted its holdings in shares of National Grid by 216.7% during the second quarter. NumerixS Investment Technologies Inc now owns 1,900 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 1,300 shares during the period. Barclays PLC acquired a new stake in shares of National Grid during the first quarter worth $125,000. Cozad Asset Management Inc. acquired a new stake in shares of National Grid during the second quarter worth $201,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of National Grid during the second quarter worth $202,000. 5.49% of the stock is owned by hedge funds and other institutional investors.
National Grid stock opened at $52.51 on Monday. National Grid plc has a one year low of $50.52 and a one year high of $63.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 6.11 and a beta of 0.34.
National Grid Company Profile
National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.
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