Wellington Management Group LLP Has $3.27 Million Stock Holdings in National Grid plc (NYSE:NGG)

Wellington Management Group LLP boosted its holdings in shares of National Grid plc (NYSE:NGG) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,984 shares of the utilities provider’s stock after buying an additional 2,049 shares during the period. Wellington Management Group LLP’s holdings in National Grid were worth $3,273,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in National Grid during the first quarter worth $36,000. Tower Research Capital LLC TRC raised its holdings in shares of National Grid by 57.0% in the first quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 240 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of National Grid in the third quarter valued at about $52,000. AXA S.A. raised its holdings in shares of National Grid by 41.0% in the first quarter. AXA S.A. now owns 888 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 258 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of National Grid by 50.2% in the fourth quarter. Penserra Capital Management LLC now owns 910 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 304 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Stock Performance

NGG opened at $67.83 on Thursday. The firm has a 50-day moving average of $66.75 and a 200 day moving average of $64.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93. National Grid plc has a fifty-two week low of $56.40 and a fifty-two week high of $74.48.

Analyst Ratings Changes

Several analysts have recently commented on NGG shares. UBS Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Jefferies Financial Group upgraded shares of National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. StockNews.com lowered shares of National Grid from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,201.67.

National Grid Profile

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.