Ritholtz Wealth Management purchased a new stake in National Grid plc (NYSE:NGG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,525 shares of the utilities provider's stock, valued at approximately $664,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in NGG. RFP Financial Group LLC boosted its position in shares of National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider's stock worth $25,000 after buying an additional 200 shares during the period. Headlands Technologies LLC purchased a new position in National Grid during the 1st quarter valued at about $27,000. Richardson Financial Services Inc. acquired a new position in National Grid in the 1st quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new stake in National Grid during the fourth quarter worth about $29,000. Finally, Bessemer Group Inc. acquired a new stake in shares of National Grid during the first quarter worth about $29,000. Institutional investors and hedge funds own 4.68% of the company's stock.
National Grid Price Performance
NYSE:NGG traded up $0.97 during trading hours on Wednesday, hitting $68.13. The company's stock had a trading volume of 692,668 shares, compared to its average volume of 537,903. The stock has a fifty day moving average of $67.14 and a 200-day moving average of $64.59. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91.
Wall Street Analysts Forecast Growth
NGG has been the subject of several recent research reports. Citigroup cut shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on National Grid in a research report on Wednesday, October 2nd. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, National Grid currently has an average rating of "Moderate Buy".
Check Out Our Latest Analysis on National Grid
About National Grid
(
Free Report)
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.
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