Sequoia Financial Advisors LLC Has $793,000 Position in National Grid plc (NYSE:NGG)

Sequoia Financial Advisors LLC lifted its stake in National Grid plc (NYSE:NGG) by 11.8% during the third quarter, HoldingsChannel reports. The fund owned 11,388 shares of the utilities provider’s stock after purchasing an additional 1,201 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in National Grid were worth $793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. RFP Financial Group LLC lifted its stake in National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Profund Advisors LLC increased its position in National Grid by 3.0% during the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after buying an additional 203 shares during the last quarter. Dearborn Partners LLC raised its holdings in National Grid by 5.5% during the first quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock valued at $281,000 after buying an additional 213 shares in the last quarter. Bailard Inc. lifted its position in shares of National Grid by 4.4% in the second quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock worth $291,000 after buying an additional 217 shares during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of National Grid by 26.0% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,082 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 223 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NGG has been the topic of a number of recent analyst reports. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

National Grid Stock Performance

NGG opened at $65.35 on Friday. The stock has a market cap of $63.86 billion, a PE ratio of 13.39, a P/E/G ratio of 4.42 and a beta of 0.61. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The stock’s 50 day simple moving average is $67.62 and its 200-day simple moving average is $64.59. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41.

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.