D. E. Shaw & Co. Inc. Increases Holdings in National Grid plc (NYSE:NGG)

D. E. Shaw & Co. Inc. raised its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 5,134.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 330,706 shares of the utilities provider's stock after acquiring an additional 324,388 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in National Grid were worth $19,651,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NGG. Oppenheimer & Co. Inc. lifted its stake in National Grid by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock worth $265,000 after purchasing an additional 868 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of National Grid during the 4th quarter worth approximately $239,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of National Grid during the 4th quarter worth approximately $411,000. JCIC Asset Management Inc. acquired a new position in shares of National Grid in the 4th quarter valued at $1,854,000. Finally, Burney Co. purchased a new position in shares of National Grid in the 4th quarter valued at $604,000. Hedge funds and other institutional investors own 4.68% of the company's stock.

National Grid Price Performance

Shares of NYSE:NGG opened at $67.48 on Tuesday. National Grid plc has a one year low of $54.24 and a one year high of $74.82. The stock has a market capitalization of $66.03 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 5.64 and a beta of 0.63. The company has a 50-day simple moving average of $67.29 and a 200-day simple moving average of $63.34. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Citigroup reissued a "neutral" rating on shares of National Grid in a report on Tuesday, May 6th. UBS Group downgraded National Grid from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 29th. Finally, Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, National Grid currently has a consensus 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.

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