AllSquare Wealth Management LLC Sells 641 Shares of National Grid plc (NYSE:NGG)

AllSquare Wealth Management LLC trimmed its position in National Grid plc (NYSE:NGG) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,973 shares of the utilities provider’s stock after selling 641 shares during the quarter. AllSquare Wealth Management LLC’s holdings in National Grid were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in National Grid by 35.0% during the second quarter. Janney Montgomery Scott LLC now owns 33,303 shares of the utilities provider’s stock valued at $1,771,000 after acquiring an additional 8,633 shares during the period. Zions Bancorporation N.A. lifted its position in shares of National Grid by 9.1% during the 2nd quarter. Zions Bancorporation N.A. now owns 27,352 shares of the utilities provider’s stock worth $1,455,000 after purchasing an additional 2,286 shares during the last quarter. Wells Fargo & Company MN boosted its stake in National Grid by 1.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,368,658 shares of the utilities provider’s stock valued at $72,785,000 after purchasing an additional 21,903 shares during the period. Gabelli Funds LLC boosted its stake in National Grid by 0.6% during the 2nd quarter. Gabelli Funds LLC now owns 164,016 shares of the utilities provider’s stock valued at $8,722,000 after purchasing an additional 1,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in National Grid by 284.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 75,054 shares of the utilities provider’s stock valued at $4,191,000 after purchasing an additional 55,527 shares during the period. Institutional investors and hedge funds own 5.73% of the company’s stock.

Shares of NYSE:NGG traded down $0.94 on Monday, hitting $50.76. 25,086 shares of the company were exchanged, compared to its average volume of 441,772. The company’s 50 day moving average price is $51.90 and its two-hundred day moving average price is $53.61. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 10.06 and a beta of 0.43. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. National Grid plc has a one year low of $46.36 and a one year high of $59.01.

Several research analysts have commented on the company. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Friday, June 14th. Macquarie initiated coverage on National Grid in a research report on Monday, June 17th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank raised shares of National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $61.00.

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

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