Fmr LLC Boosts Position in National Grid plc (NYSE:NGG)

FMR LLC increased its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,462,898 shares of the utilities provider's stock after buying an additional 473,172 shares during the quarter. FMR LLC owned 0.46% of National Grid worth $265,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of National Grid by 20.0% in the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 174 shares in the last quarter. Rothschild Investment LLC raised its position in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after acquiring an additional 192 shares during the period. Verdence Capital Advisors LLC raised its position in National Grid by 0.8% in the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider's stock worth $1,422,000 after acquiring an additional 196 shares during the period. Brown Brothers Harriman & Co. boosted its stake in National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 198 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of National Grid by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 224 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

National Grid Stock Performance

NGG traded up $1.69 on Tuesday, hitting $71.08. The company's stock had a trading volume of 1,700,049 shares, compared to its average volume of 650,270. The company's 50 day simple moving average is $63.12 and its 200-day simple moving average is $62.66. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid plc has a 12 month low of $54.24 and a 12 month high of $72.21. The firm has a market cap of $69.55 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58.

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.