Savvy Advisors Inc. bought a new stake in National Grid plc (NYSE:NGG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,121 shares of the utilities provider's stock, valued at approximately $245,000.
Several other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. lifted its holdings in shares of National Grid by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock valued at $265,000 after purchasing an additional 868 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of National Grid in the fourth quarter worth $239,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of National Grid in the fourth quarter valued at $411,000. JCIC Asset Management Inc. purchased a new stake in National Grid during the 4th quarter worth about $1,854,000. Finally, Burney Co. acquired a new position in National Grid in the 4th quarter valued at about $604,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.
National Grid Stock Up 0.6 %
NGG stock traded up $0.43 during mid-day trading on Monday, hitting $72.54. 109,283 shares of the company were exchanged, compared to its average volume of 660,347. The company has a market capitalization of $70.97 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The firm has a fifty day simple moving average of $63.94 and a 200 day simple moving average of $62.74. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid plc has a twelve month low of $54.24 and a twelve month high of $73.56.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on NGG shares. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Citigroup raised shares of National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Finally, Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Get Our Latest Stock 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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