Raymond James Trust N.A. decreased its position in shares of National Grid plc (NYSE:NGG – Get Rating) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,211 shares of the utilities provider's stock after selling 249 shares during the quarter. Raymond James Trust N.A.'s holdings in National Grid were worth $919,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in National Grid by 859.2% in the 4th quarter. JPMorgan Chase & Co. now owns 322,872 shares of the utilities provider's stock worth $23,349,000 after purchasing an additional 289,210 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in National Grid by 27.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,524 shares of the utilities provider's stock worth $399,000 after buying an additional 1,175 shares in the last quarter. Blair William & Co. IL increased its position in National Grid by 30.2% in the 4th quarter. Blair William & Co. IL now owns 15,489 shares of the utilities provider's stock valued at $1,120,000 after acquiring an additional 3,596 shares during the period. Goldman Sachs Group Inc. raised its stake in National Grid by 21.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,371,365 shares of the utilities provider's stock valued at $99,177,000 after acquiring an additional 245,263 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new stake in National Grid during the 4th quarter valued at $217,000. Institutional investors own 3.68% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on NGG shares. Credit Suisse Group raised their price target on National Grid from GBX 1,200 ($14.50) to GBX 1,225 ($14.80) in a report on Friday, June 24th. StockNews.com downgraded shares of National Grid from a "buy" rating to a "hold" rating in a research report on Monday, August 15th. Finally, Jefferies Financial Group cut shares of National Grid from a "buy" rating to a "hold" rating in a report on Thursday, June 30th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $1,145.00.

National Grid Stock Down 4.0 %

National Grid Profile

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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, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.

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