US Bancorp DE Acquires 9,292 Shares of National Grid plc (NYSE:NGG)

US Bancorp DE grew its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,410 shares of the utilities provider's stock after acquiring an additional 9,292 shares during the period. US Bancorp DE's holdings in National Grid were worth $2,579,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NGG. Pathstone Holdings LLC lifted its stake in National Grid by 46.0% in the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider's stock valued at $2,522,000 after acquiring an additional 11,402 shares during the last quarter. XTX Topco Ltd bought a new position in shares of National Grid during the 3rd quarter valued at $1,624,000. Oppenheimer & Co. Inc. lifted its stake in shares of National Grid by 24.2% in the 4th 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 during the last quarter. Natixis Advisors LLC boosted its holdings in National Grid by 51.9% in the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider's stock worth $7,770,000 after purchasing an additional 38,123 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its position in National Grid by 1,620.2% during the third quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider's stock worth $2,681,000 after buying an additional 36,243 shares during the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

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National Grid Stock Performance

NGG traded up $1.28 during trading on Monday, hitting $62.11. The stock had a trading volume of 619,837 shares, compared to its average volume of 735,819. 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 12 month low of $55.13 and a 12 month high of $73.40. The company has a 50 day simple moving average of $60.39 and a 200-day simple moving average of $63.38. The firm has a market cap of $60.77 billion, a PE ratio of 11.94, a P/E/G ratio of 5.64 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NGG. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a research report on Tuesday, January 21st. StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

National Grid Profile

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.