Bayesian Capital Management LP Takes Position in National Grid plc (NYSE:NGG)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its stake in shares of National Grid by 3.0% in the 4th quarter. Benjamin Edwards Inc. now owns 18,830 shares of the utilities provider's stock worth $1,119,000 after buying an additional 540 shares during the last quarter. BNP Paribas Financial Markets boosted its position in National Grid by 122.1% in the fourth quarter. BNP Paribas Financial Markets now owns 57,297 shares of the utilities provider's stock worth $3,405,000 after purchasing an additional 31,496 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in National Grid by 31.7% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 13,006 shares of the utilities provider's stock valued at $773,000 after purchasing an additional 3,133 shares during the period. Schonfeld Strategic Advisors LLC increased its position in shares of National Grid by 86.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 41,899 shares of the utilities provider's stock valued at $2,490,000 after purchasing an additional 19,395 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of National Grid by 27.9% during the 4th quarter. Northern Trust Corp now owns 631,574 shares of the utilities provider's stock worth $37,528,000 after purchasing an additional 137,673 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Trading Up 0.2 %

NYSE:NGG opened at $71.83 on Tuesday. The company has a market cap of $70.28 billion, a P/E ratio of 13.81, a P/E/G ratio of 5.64 and a beta of 0.63. National Grid plc has a 1 year low of $54.24 and a 1 year high of $74.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The stock's fifty day moving average price is $66.40 and its two-hundred day moving average price is $63.19.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NGG. Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. UBS Group cut shares of National Grid from a "buy" rating to a "neutral" rating in a report on Tuesday, April 29th. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded National Grid from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.

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