HB Wealth Management LLC bought a new position in shares of National Grid plc (NYSE:NGG – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,431 shares of the utilities provider’s stock, valued at approximately $323,000.
Other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after acquiring an additional 1,739,566 shares during the last quarter. Merewether Investment Management LP acquired a new stake in shares of National Grid in the third quarter valued at approximately $66,535,000. Ausbil Investment Management Ltd acquired a new position in National Grid during the 3rd quarter worth $62,421,000. Mediolanum International Funds Ltd bought a new position in National Grid in the 3rd quarter valued at about $38,021,000. Finally, Marshall Wace LLP acquired a new stake in National Grid in the second quarter worth approximately $29,097,000. 4.68% of the stock is owned by institutional investors and hedge funds.
National Grid Trading Up 1.1 %
Shares of NGG opened at $60.72 on Friday. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The firm’s 50 day moving average price is $60.31 and its 200 day moving average price is $63.75. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.
National Grid Dividend Announcement
Analyst Ratings Changes
Several analysts recently commented on NGG shares. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on National Grid
National Grid Company Profile
National Grid plc transmits and distributes electricity and gas. It 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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