Federated Hermes Inc. Grows Position in National Grid plc (NYSE:NGG)

Federated Hermes Inc. increased its holdings in shares of National Grid plc (NYSE:NGG - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,945,746 shares of the utilities provider's stock after acquiring an additional 220,504 shares during the period. Federated Hermes Inc. owned approximately 0.40% of National Grid worth $200,281,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Bank of America Corp DE boosted its stake in National Grid by 2.8% during the first quarter. Bank of America Corp DE now owns 3,185,564 shares of the utilities provider's stock worth $216,586,000 after acquiring an additional 85,586 shares in the last quarter. Morgan Stanley raised its holdings in National Grid by 6.8% in the third quarter. Morgan Stanley now owns 1,878,189 shares of the utilities provider's stock worth $113,875,000 after buying an additional 120,367 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in National Grid by 4.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,774,568 shares of the utilities provider's stock worth $119,482,000 after buying an additional 82,420 shares during the last quarter. FMR LLC raised its holdings in National Grid by 23.9% in the third quarter. FMR LLC now owns 1,648,729 shares of the utilities provider's stock worth $99,962,000 after buying an additional 318,533 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in National Grid by 0.7% in the fourth quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider's stock worth $85,712,000 after buying an additional 8,192 shares during the last quarter. Institutional investors own 4.68% of the company's stock.

National Grid Stock Up 1.3 %

Shares of NGG traded up $0.85 during mid-day trading on Thursday, hitting $65.44. 350,427 shares of the company traded hands, compared to its average volume of 402,843. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. The stock has a 50-day moving average price of $66.64 and a two-hundred day moving average price of $65.37. National Grid plc has a 1 year low of $56.40 and a 1 year high of $74.48.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NGG shares. Deutsche Bank Aktiengesellschaft raised shares of National Grid from a "hold" rating to a "buy" rating in a report on Tuesday, January 16th. BNP Paribas raised shares of National Grid from an "underperform" rating to an "outperform" rating in a report on Tuesday, April 2nd. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group raised shares of National Grid from a "hold" rating to a "buy" rating in a report on Monday, February 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,165.00.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.