Guggenheim Capital LLC Buys 13,156 Shares of National Grid plc (NYSE:NGG)

Guggenheim Capital LLC raised its stake in National Grid plc (NYSE:NGG - Free Report) by 377.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,641 shares of the utilities provider's stock after purchasing an additional 13,156 shares during the period. Guggenheim Capital LLC's holdings in National Grid were worth $989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of National Grid during the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its holdings in shares of National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock valued at $29,000 after buying an additional 198 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock valued at $42,000 after buying an additional 415 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock valued at $43,000 after buying an additional 192 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of National Grid during the fourth quarter valued at about $53,000. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup upgraded shares of National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. Sanford C. Bernstein upgraded shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Finally, StockNews.com cut shares of National Grid from a "hold" rating to a "sell" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, National Grid presently has an average rating of "Moderate Buy".

National Grid Stock Up 1.1 %

National Grid stock traded up $0.81 during midday trading on Monday, hitting $72.85. 862,609 shares of the stock were exchanged, compared to its average volume of 677,144. National Grid plc has a 52-week low of $54.24 and a 52-week high of $74.82. The stock has a market capitalization of $71.28 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The business's 50-day moving average price is $65.37 and its 200-day moving average price is $63.03. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

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.