3,804 Shares in National Grid plc (NYSE:NGG) Purchased by Certior Financial Group LLC

Certior Financial Group LLC purchased a new position in shares of National Grid plc (NYSE:NGG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,804 shares of the utilities provider's stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FMR LLC boosted its stake in National Grid by 11.9% during the fourth quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after buying an additional 473,172 shares in the last quarter. Pitcairn Co. increased its holdings in shares of National Grid by 7.9% in the fourth quarter. Pitcairn Co. now owns 3,874 shares of the utilities provider's stock valued at $230,000 after purchasing an additional 285 shares in the last quarter. World Investment Advisors lifted its stake in shares of National Grid by 19.0% during the fourth quarter. World Investment Advisors now owns 8,918 shares of the utilities provider's stock valued at $530,000 after acquiring an additional 1,422 shares during the period. Headlands Technologies LLC bought a new position in shares of National Grid in the 4th quarter valued at about $164,000. Finally, OLD Mission Capital LLC acquired a new stake in National Grid during the 4th quarter worth $2,350,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Performance

Shares of NGG stock traded up $2.45 during trading on Friday, reaching $68.04. 962,816 shares of the company's stock were exchanged, compared to its average volume of 643,896. The firm's fifty day moving average price is $62.99 and its 200-day moving average price is $62.72. 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 stock has a market capitalization of $66.57 billion, a PE ratio of 13.08, a PEG ratio of 5.64 and a beta of 0.58. National Grid plc has a twelve month low of $54.24 and a twelve month high of $72.21.

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Analysts Set New Price Targets

NGG has been the subject of a number of recent analyst reports. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Finally, StockNews.com raised National Grid from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

About National Grid

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.