Aigen Investment Management LP acquired a new stake in National Grid plc (NYSE:NGG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,338 shares of the utilities provider's stock, valued at approximately $436,000.
Other institutional investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in National Grid during the fourth quarter worth about $25,000. Rothschild Investment LLC lifted its position in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after buying an additional 192 shares during the last quarter. Eastern Bank boosted its stake in shares of National Grid by 52.7% during the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider's stock worth $55,000 after acquiring an additional 320 shares during the period. Quantbot Technologies LP acquired a new position in shares of National Grid during the 3rd quarter worth approximately $60,000. Finally, IFP Advisors Inc raised its stake in National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 174 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.
National Grid Stock Performance
NGG traded up $0.15 during trading on Tuesday, hitting $62.29. The stock had a trading volume of 696,028 shares, compared to its average volume of 734,957. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company has a 50 day moving average price of $60.45 and a 200-day moving average price of $63.36. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The firm has a market cap of $60.94 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 5.64 and a beta of 0.63.
Analyst Ratings Changes
NGG has been the subject of a number of research analyst reports. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research report on Friday. Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on National Grid
About National Grid
(
Free Report)
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.
See Also
Before you consider National Grid, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Grid wasn't on the list.
While National Grid currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
