OLD Mission Capital LLC Invests $2.35 Million in National Grid plc (NYSE:NGG)

OLD Mission Capital LLC acquired a new stake in National Grid plc (NYSE:NGG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,554 shares of the utilities provider's stock, valued at approximately $2,350,000.

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

Remove Ads

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, National Grid has an average rating of "Moderate Buy".

National Grid Stock Performance

NYSE NGG traded up $3.62 during trading hours on Thursday, hitting $69.40. The company had a trading volume of 1,056,942 shares, compared to its average volume of 618,592. The business has a 50 day moving average of $62.42 and a 200-day moving average of $63.00. The company has a market cap of $67.90 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

About National Grid

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.