LPL Financial LLC Boosts Stake in National Grid plc (NYSE:NGG)

LPL Financial LLC increased its position in National Grid plc (NYSE:NGG - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 781,572 shares of the utilities provider's stock after purchasing an additional 25,082 shares during the quarter. LPL Financial LLC owned approximately 0.08% of National Grid worth $46,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its stake in National Grid by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock valued at $265,000 after buying an additional 868 shares during the last quarter. XTX Topco Ltd bought a new position in shares of National Grid during the third quarter valued at $1,624,000. National Bank of Canada FI raised its position in National Grid by 351.1% in 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 last quarter. Walleye Capital LLC purchased a new position in shares of National Grid during the third quarter valued at approximately $962,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of National Grid in the fourth quarter worth $239,000. Institutional investors own 4.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NGG shares. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Sanford C. Bernstein upgraded National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Finally, 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 five have assigned a buy rating to the company's stock. According to MarketBeat.com, National Grid has a consensus rating of "Moderate Buy".

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National Grid Price Performance

National Grid stock traded up $0.22 during mid-day trading on Tuesday, reaching $65.83. 588,327 shares of the company's stock traded hands, compared to its average volume of 615,276. National Grid plc has a 12-month low of $54.24 and a 12-month high of $72.21. 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 50 day moving average of $62.13 and a two-hundred day moving average of $62.93. The company has a market cap of $64.41 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 5.64 and a beta of 0.63.

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.