O ROURKE & COMPANY Inc Sells 525 Shares of National Grid plc (NYSE:NGG)

O ROURKE & COMPANY Inc reduced its position in shares of National Grid plc (NYSE:NGG) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,542 shares of the utilities provider’s stock after selling 525 shares during the quarter. O ROURKE & COMPANY Inc’s holdings in National Grid were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its stake in National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after buying an additional 174 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 192 shares during the period. Verdence Capital Advisors LLC grew its position in shares of National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 198 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

NGG has been the topic of several recent analyst reports. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. Finally, Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

NYSE:NGG opened at $68.04 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company has a market cap of $66.57 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 5.64 and a beta of 0.58. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The stock’s 50 day simple moving average is $62.99 and its two-hundred day simple moving average is $62.72.

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.