Guardian Partners Inc. Invests $9.85 Million in National Grid plc (NYSE:NGG)

Guardian Partners Inc. purchased a new position in shares of National Grid plc (NYSE:NGG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 169,863 shares of the utilities provider's stock, valued at approximately $9,849,000.

A number of other institutional investors and hedge funds have also modified their holdings of NGG. FMR LLC grew its holdings in National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider's stock worth $277,964,000 after acquiring an additional 1,739,566 shares during the period. Raymond James Financial Inc. bought a new stake in National Grid in the fourth quarter valued at about $67,324,000. Merewether Investment Management LP acquired a new position in National Grid in the third quarter valued at about $66,535,000. ABC Arbitrage SA bought a new position in National Grid during the fourth quarter worth about $21,706,000. Finally, National Bank of Canada FI grew its position in shares of National Grid by 351.1% during the 3rd quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider's stock worth $14,429,000 after buying an additional 161,204 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Stock Up 0.5 %

NYSE NGG traded up $0.34 during trading hours on Thursday, reaching $63.91. 407,777 shares of the company's stock were exchanged, compared to its average volume of 607,970. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a one year low of $54.24 and a one year high of $72.21. The company's 50-day moving average is $61.80 and its two-hundred day moving average is $63.09. The company has a market capitalization of $62.53 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Citigroup upgraded shares of National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, National Grid presently 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.