Dimensional Fund Advisors LP Increases Stake 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% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 706,290 shares of the utilities provider's stock after purchasing an additional 12,228 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of National Grid worth $41,968,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its stake in shares of National Grid by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider's stock valued at $265,000 after buying an additional 868 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of National Grid in the fourth quarter worth about $239,000. Hennion & Walsh Asset Management Inc. purchased a new position in National Grid in the 4th quarter worth about $411,000. JCIC Asset Management Inc. bought a new stake in shares of National Grid during the fourth quarter valued at approximately $1,854,000. Finally, Burney Co. purchased a new stake in shares of National Grid in the 4th quarter worth $604,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Performance

NGG opened at $71.71 on Friday. 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 firm has a fifty day moving average price of $66.21 and a 200 day moving average price of $63.19. The stock has a market cap of $70.16 billion, a P/E ratio of 13.79, a P/E/G ratio of 5.64 and a beta of 0.58.

Wall Street Analyst Weigh In

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

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