Bayesian Capital Management LP Makes New Investment in National Grid plc (NYSE:NGG)

Bayesian Capital Management LP acquired a new stake in shares of National Grid plc (NYSE:NGG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,437 shares of the utilities provider's stock, valued at approximately $798,000.

A number of other hedge funds have also bought and sold shares of NGG. World Investment Advisors LLC purchased a new position in National Grid during the third quarter valued at $522,000. Wilmington Savings Fund Society FSB purchased a new position in shares of National Grid during the third quarter valued at approximately $312,000. GAMMA Investing LLC increased its position in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider's stock worth $73,000 after acquiring an additional 224 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of National Grid by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider's stock worth $720,000 after purchasing an additional 275 shares during the period. Finally, JCIC Asset Management Inc. bought a new position in shares of National Grid during the 4th quarter worth approximately $1,854,000. Hedge funds and other institutional investors own 4.68% of the company's stock.

National Grid Stock Up 0.7 %

NYSE:NGG traded up $0.50 during mid-day trading on Friday, reaching $70.68. The stock had a trading volume of 875,490 shares, compared to its average volume of 695,477. The stock's 50 day simple moving average is $67.16 and its two-hundred 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. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1-year low of $54.24 and a 1-year high of $74.82.

Analysts Set New Price Targets

Several brokerages recently issued reports on NGG. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup reiterated a "neutral" rating on shares of National Grid in a report on Tuesday, May 6th. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. Finally, UBS Group downgraded National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, National Grid currently has a consensus rating of "Moderate Buy".

National Grid Company 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.