BNP Paribas Financial Markets boosted its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 122.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,297 shares of the utilities provider's stock after purchasing an additional 31,496 shares during the period. BNP Paribas Financial Markets' holdings in National Grid were worth $3,405,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of National Grid by 20.0% during the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider's stock worth $62,000 after acquiring an additional 174 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after acquiring an additional 192 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of National Grid by 0.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider's stock worth $1,422,000 after acquiring an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after acquiring an additional 198 shares in the last quarter. Finally, Congress Wealth Management LLC DE boosted its stake in shares of National Grid by 6.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,678 shares of the utilities provider's stock worth $219,000 after acquiring an additional 230 shares in the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
NGG has been the topic of several recent analyst reports. 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. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. UBS Group lowered shares of National Grid from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 29th. Finally, Citigroup reaffirmed a "neutral" rating on shares of National Grid in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy".
Get Our Latest Research Report on National Grid
National Grid Trading Up 3.9%
Shares of National Grid stock opened at $70.09 on Friday. The firm has a market capitalization of $68.58 billion, a PE ratio of 13.48, a P/E/G ratio of 5.64 and a beta of 0.63. National Grid plc has a twelve month low of $54.24 and a twelve month high of $74.82. The firm's 50-day moving average price is $67.74 and its 200 day moving average price is $63.43. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.
About National Grid
(
Free Report)
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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