Raymond James Financial Services Advisors Inc. Acquires 2,882 Shares of National Grid plc (NYSE:NGG)

Raymond James Financial Services Advisors Inc. increased its holdings in National Grid plc (NYSE:NGG – Get Rating) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 67,612 shares of the utilities provider’s stock after purchasing an additional 2,882 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in National Grid were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. M. Kulyk & Associates LLC boosted its holdings in National Grid by 2.1% in the 4th quarter. M. Kulyk & Associates LLC now owns 128,577 shares of the utilities provider’s stock valued at $7,756,000 after purchasing an additional 2,677 shares during the period. Raymond James & Associates boosted its holdings in National Grid by 4.2% in the 4th quarter. Raymond James & Associates now owns 1,093,483 shares of the utilities provider’s stock valued at $65,959,000 after purchasing an additional 43,952 shares during the period. Belpointe Asset Management LLC bought a new position in National Grid in the 4th quarter valued at $39,000. Cambridge Investment Research Advisors Inc. boosted its holdings in National Grid by 20.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 9,707 shares of the utilities provider’s stock valued at $586,000 after purchasing an additional 1,646 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in National Grid by 7.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 145,651 shares of the utilities provider’s stock valued at $8,785,000 after purchasing an additional 9,521 shares during the period. 3.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

NGG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of National Grid from GBX 1,150 ($14.41) to GBX 1,275 ($15.97) in a report on Monday, April 17th. Credit Suisse Group raised their price objective on shares of National Grid from GBX 1,150 ($14.41) to GBX 1,250 ($15.66) in a research report on Thursday, April 20th. StockNews.com assumed coverage on shares of National Grid in a research report on Thursday. They set a “hold” rating on the stock. Berenberg Bank lowered their price objective on shares of National Grid from GBX 1,210 ($15.16) to GBX 1,100 ($13.78) in a research report on Monday, January 23rd. Finally, Royal Bank of Canada assumed coverage on shares of National Grid in a research report on Monday, February 13th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, National Grid currently has an average rating of “Moderate Buy” and an average price target of $1,173.75.

National Grid Stock Performance

Shares of NYSE:NGG opened at $69.32 on Friday. The company’s fifty day moving average is $69.49 and its 200 day moving average is $64.48. National Grid plc has a 52 week low of $47.22 and a 52 week high of $77.94. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.52.

About National Grid

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National Grid Plc engages in the transmission and distribution of electricity and gas. It operates through the following segments: UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York. The UK Electricity Transmission segment focuses on the high-voltage electricity transmission networks in England and Wales.