Invesco Ltd. Grows Stock Position in National Grid plc (NYSE:NGG)

Invesco Ltd. increased its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 537,269 shares of the utilities provider's stock after purchasing an additional 16,409 shares during the quarter. Invesco Ltd. owned approximately 0.05% of National Grid worth $31,925,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NGG. 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 buying an additional 473,172 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of National Grid by 5.1% during the fourth 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in National Grid in the 4th quarter valued at $67,324,000. LPL Financial LLC boosted its stake in National Grid by 3.3% during the 4th quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider's stock worth $46,441,000 after purchasing an additional 25,082 shares during the period. Finally, ABC Arbitrage SA acquired a new position in National Grid in the fourth quarter valued at $21,706,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NGG has been the topic of a number of research reports. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. Finally, StockNews.com cut National Grid from a "hold" rating to a "sell" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

National Grid Price Performance

Shares of NGG traded down $2.61 during mid-day trading on Wednesday, hitting $71.74. The company's stock had a trading volume of 590,560 shares, compared to its average volume of 790,308. The firm has a market capitalization of $70.19 billion, a P/E ratio of 13.80, a P/E/G ratio of 5.64 and a beta of 0.58. National Grid plc has a 1-year low of $55.13 and a 1-year high of $74.82. The firm has a 50-day simple moving average of $64.45 and a 200 day simple moving average of $62.87. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

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.