Dimensional Fund Advisors LP Raises Holdings in National Grid plc (NYSE:NGG)

Dimensional Fund Advisors LP increased its position in shares of National Grid plc (NYSE:NGG - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 706,290 shares of the utilities provider's stock after acquiring an additional 12,228 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of National Grid worth $41,968,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in National Grid by 11.9% during the 4th quarter. FMR LLC now owns 4,462,898 shares of the utilities provider's stock worth $265,185,000 after purchasing an additional 473,172 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of National Grid by 5.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider's stock worth $83,496,000 after acquiring an additional 68,587 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of National Grid in the 4th quarter valued at $67,324,000. LPL Financial LLC lifted its stake in National Grid by 3.3% in the fourth quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider's stock valued at $46,441,000 after buying an additional 25,082 shares during the last quarter. Finally, Invesco Ltd. raised its stake in National Grid by 3.2% during the 4th quarter. Invesco Ltd. now owns 537,269 shares of the utilities provider's stock valued at $31,925,000 after acquiring an additional 16,409 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

Analysts Set New Price Targets

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

National Grid Trading Up 0.9 %

NYSE NGG traded up $0.63 during trading hours on Friday, hitting $70.81. 498,523 shares of the company's stock were exchanged, compared to its average volume of 787,638. The business's 50 day moving average is $66.99 and its 200-day moving average is $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. National Grid plc has a 12-month low of $55.13 and a 12-month high of $74.82. The firm has a market capitalization of $69.28 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63.

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.