International Assets Investment Management LLC bought a new position in National Grid plc (NYSE:NGG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 175,429 shares of the utilities provider's stock, valued at approximately $12,222,000.
A number of other institutional investors have also made changes to their positions in NGG. Allspring Global Investments Holdings LLC boosted its holdings in shares of National Grid by 7,995.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,862 shares of the utilities provider's stock valued at $127,000 after buying an additional 1,839 shares during the period. Sequoia Financial Advisors LLC boosted its stake in National Grid by 34.4% in the first quarter. Sequoia Financial Advisors LLC now owns 10,789 shares of the utilities provider's stock valued at $736,000 after acquiring an additional 2,760 shares during the period. Wambolt & Associates LLC grew its holdings in shares of National Grid by 7.7% during the first quarter. Wambolt & Associates LLC now owns 28,280 shares of the utilities provider's stock valued at $1,918,000 after purchasing an additional 2,028 shares during the last quarter. Prosperity Consulting Group LLC bought a new position in shares of National Grid during the first quarter valued at approximately $3,712,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of National Grid during the 1st quarter worth approximately $1,372,000. 4.68% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NGG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on National Grid in a research note on Wednesday, October 2nd. They set a "buy" rating for the company. Citigroup lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Report on National Grid
National Grid Stock Performance
NGG stock traded down $1.44 on Thursday, reaching $63.63. The company's stock had a trading volume of 580,207 shares, compared to its average volume of 531,303. The firm has a fifty day moving average of $67.60 and a two-hundred day moving average of $64.58. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40.
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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