Callan Family Office LLC Acquires Shares of 5,669 National Grid plc (NYSE:NGG)

Callan Family Office LLC acquired a new position in shares of National Grid plc (NYSE:NGG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,669 shares of the utilities provider's stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. boosted its position in National Grid by 22.5% in the 3rd quarter. Assetmark Inc. now owns 35,299 shares of the utilities provider's stock valued at $2,459,000 after buying an additional 6,492 shares during the period. Atria Investments Inc raised its stake in shares of National Grid by 18.9% in the third quarter. Atria Investments Inc now owns 64,741 shares of the utilities provider's stock valued at $4,510,000 after acquiring an additional 10,310 shares in the last quarter. Sigma Planning Corp purchased a new position in National Grid in the third quarter valued at $242,000. Mayflower Financial Advisors LLC acquired a new position in National Grid during the 3rd quarter worth $245,000. Finally, Crossmark Global Holdings Inc. increased its holdings in National Grid by 62.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 105,306 shares of the utilities provider's stock worth $7,337,000 after purchasing an additional 40,680 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NGG has been the subject of several recent research reports. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

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National Grid Stock Up 1.5 %

National Grid stock traded up $0.93 during midday trading on Friday, reaching $63.25. The company's stock had a trading volume of 660,315 shares, compared to its average volume of 600,258. The company has a market cap of $61.89 billion, a P/E ratio of 12.16, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The business has a 50-day simple moving average of $60.62 and a 200-day simple moving average of $63.31. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21.

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.