First Trust Advisors LP Makes New $1.02 Million Investment in National Grid plc (NYSE:NGG)

First Trust Advisors LP purchased a new position in shares of National Grid plc (NYSE:NGG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,211 shares of the utilities provider's stock, valued at approximately $1,023,000.

Several other institutional investors and 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 4th 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 period. Atria Wealth Solutions Inc. acquired a new position in shares of National Grid during the 4th quarter worth $239,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of National Grid during the 4th quarter worth $411,000. JCIC Asset Management Inc. acquired a new position in shares of National Grid during the 4th quarter worth $1,854,000. Finally, Burney Co. acquired a new position in shares of National Grid during the 4th quarter worth $604,000. Institutional investors and hedge funds own 4.68% of the company's stock.

Analyst Ratings Changes

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

National Grid Trading Down 4.3%

NYSE NGG traded down $3.07 during mid-day trading on Monday, hitting $67.62. The company's stock had a trading volume of 997,705 shares, compared to its average volume of 696,778. The firm has a market capitalization of $66.16 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The stock's fifty day simple moving average is $67.16 and its two-hundred day simple moving average is $63.33. National Grid plc has a 52-week low of $54.24 and a 52-week 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.

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.