Keybank National Association OH raised its position in National Grid plc (NYSE:NGG – Free Report) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,965 shares of the utilities provider’s stock after purchasing an additional 184 shares during the quarter. Keybank National Association OH’s holdings in National Grid were worth $240,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in National Grid in the 1st quarter valued at approximately $36,000. Bank of New York Mellon Corp lifted its position in shares of National Grid by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 71,544 shares of the utilities provider’s stock worth $5,501,000 after purchasing an additional 2,222 shares in the last quarter. BlackRock Inc. boosted its holdings in National Grid by 8.2% during the first quarter. BlackRock Inc. now owns 397,048 shares of the utilities provider’s stock worth $30,521,000 after purchasing an additional 30,176 shares during the last quarter. Cibc World Market Inc. boosted its holdings in National Grid by 103.0% during the first quarter. Cibc World Market Inc. now owns 46,322 shares of the utilities provider’s stock worth $3,561,000 after purchasing an additional 23,501 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in National Grid by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 606,543 shares of the utilities provider’s stock valued at $46,625,000 after purchasing an additional 31,695 shares in the last quarter. 4.40% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a report on Monday. Finally, UBS Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,201.67.
National Grid Stock Performance
NYSE:NGG opened at $64.88 on Friday. The stock’s 50 day moving average price is $67.63 and its two-hundred day moving average price is $64.23. National Grid plc has a 12-month low of $56.40 and a 12-month high of $74.48. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93.
About National Grid
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, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.
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