National Grid plc (NYSE:NGG) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,405,185 shares of the utilities provider's stock after acquiring an additional 68,587 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of National Grid worth $83,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NGG. Whipplewood Advisors LLC acquired a new stake in National Grid in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC grew its stake in shares of National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after buying an additional 415 shares in the last quarter. Rothschild Investment LLC grew its stake 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of National Grid in the 4th quarter valued at $53,000. Finally, Eastern Bank lifted its stake in 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 in the last quarter. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Stock Down 0.2 %

Shares of NGG stock traded down $0.10 during trading hours on Tuesday, reaching $62.80. 855,813 shares of the stock were exchanged, compared to its average volume of 632,293. The business's fifty day moving average is $62.64 and its two-hundred day moving average is $62.78. The firm has a market capitalization of $61.45 billion, a P/E ratio of 12.08, a P/E/G ratio of 5.64 and a beta of 0.58. National Grid plc has a 12-month low of $54.24 and a 12-month high of $72.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.

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Analysts Set New Price Targets

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

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.