5,796 Shares in National Grid plc (NYSE:NGG) Bought by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new stake in National Grid plc (NYSE:NGG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,796 shares of the utilities provider's stock, valued at approximately $344,000.

A number of other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in National Grid in the fourth quarter worth $25,000. Brown Brothers Harriman & Co. increased its position 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 buying an additional 198 shares in the last quarter. Larson Financial Group LLC lifted its holdings in National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock worth $42,000 after acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC grew its stake in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 192 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of National Grid in the fourth quarter worth about $53,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Up 0.7 %

National Grid stock traded up $0.50 during mid-day trading on Friday, reaching $70.68. The company's stock had a trading volume of 875,490 shares, compared to its average volume of 695,477. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 12 month low of $54.24 and a 12 month high of $74.82. The business's 50 day simple moving average is $67.16 and its 200 day simple moving average is $63.35. The company has a market capitalization of $69.16 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group cut National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Citigroup restated a "neutral" rating on shares of National Grid in a report on Tuesday, May 6th. Finally, StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, National Grid has an average rating of "Moderate Buy".

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.