National Grid plc (NYSE:NGG) Shares Bought by Simplicity Solutions LLC

Simplicity Solutions LLC increased its holdings in National Grid plc (NYSE:NGG) by 16.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,845 shares of the utilities provider’s stock after purchasing an additional 1,948 shares during the quarter. Simplicity Solutions LLC’s holdings in National Grid were worth $941,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new stake in National Grid during the 1st quarter worth approximately $36,000. Tower Research Capital LLC TRC increased its stake in National Grid by 57.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider’s stock worth $45,000 after buying an additional 240 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in National Grid during the 3rd quarter worth approximately $52,000. Planned Solutions Inc. purchased a new stake in National Grid during the 4th quarter worth approximately $53,000. Finally, Penserra Capital Management LLC increased its stake in National Grid by 50.2% during the 4th quarter. Penserra Capital Management LLC now owns 910 shares of the utilities provider’s stock worth $54,000 after buying an additional 304 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded National Grid from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. BNP Paribas upgraded National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group upgraded National Grid from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, National Grid presently has an average rating of “Moderate Buy” and an average price target of $1,201.67.

National Grid Stock Down 1.5 %

NGG stock opened at $63.52 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93. The business has a 50 day simple moving average of $66.66 and a 200-day simple moving average of $65.38. National Grid plc has a 1 year low of $56.40 and a 1 year high of $74.48.

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.