Fmr LLC Boosts Holdings in National Grid plc (NYSE:NGG)

FMR LLC raised its position in shares of National Grid plc (NYSE:NGG - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,462,898 shares of the utilities provider's stock after acquiring an additional 473,172 shares during the quarter. FMR LLC owned approximately 0.46% of National Grid worth $265,185,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NGG. Whipplewood Advisors LLC purchased a new stake in shares of National Grid in the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. raised its stake in 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 increased 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 acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC boosted its stake in National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in National Grid during the 4th quarter valued at about $53,000. Institutional investors own 4.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a report on Monday, March 17th. Finally, Citigroup raised National Grid from a "neutral" rating to a "buy" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, National Grid has a consensus rating of "Moderate Buy".

National Grid Stock Performance

NYSE:NGG traded up $1.03 during mid-day trading on Thursday, hitting $72.51. 653,746 shares of the company traded hands, compared to its average volume of 655,778. The stock's fifty day moving average price is $63.51 and its 200-day moving average price is $62.78. The firm has a market cap of $70.95 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. 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 plc has a one year low of $54.24 and a one year high of $72.56.

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.