Raymond James Financial Inc. purchased a new stake in shares of National Grid plc (NYSE:NGG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,133,016 shares of the utilities provider's stock, valued at approximately $67,324,000. Raymond James Financial Inc. owned 0.12% of National Grid at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in NGG. Assetmark Inc. raised its stake in National Grid by 22.5% during the 3rd quarter. Assetmark Inc. now owns 35,299 shares of the utilities provider's stock valued at $2,459,000 after purchasing an additional 6,492 shares during the period. Atria Investments Inc grew its holdings in shares of National Grid by 18.9% during the third quarter. Atria Investments Inc now owns 64,741 shares of the utilities provider's stock valued at $4,510,000 after buying an additional 10,310 shares in the last quarter. Sigma Planning Corp acquired a new position in National Grid during the third quarter valued at $242,000. Mayflower Financial Advisors LLC purchased a new stake in National Grid in the 3rd quarter worth about $245,000. Finally, Crossmark Global Holdings Inc. boosted its position in National Grid by 62.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 105,306 shares of the utilities provider's stock worth $7,337,000 after acquiring an additional 40,680 shares during the period. Hedge funds and other institutional investors own 4.68% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".
Get Our Latest Stock Analysis on National Grid
National Grid Stock Up 1.5 %
Shares of NGG traded up $0.93 during midday trading on Friday, reaching $63.25. 660,315 shares of the stock were exchanged, compared to its average volume of 600,258. The company has a market cap of $61.89 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 5.64 and a beta of 0.63. 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 50 day simple moving average of $60.62 and a 200-day simple moving average of $63.31.
National Grid Profile
(
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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