International Assets Investment Management LLC Makes New $11.45 Million Investment in National Grid plc (NYSE:NGG)

International Assets Investment Management LLC purchased a new position in shares of National Grid plc (NYSE:NGG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 168,343 shares of the utilities provider's stock, valued at approximately $11,446,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NGG. Wellington Management Group LLP raised its holdings in shares of National Grid by 3.9% during the third quarter. Wellington Management Group LLP now owns 53,984 shares of the utilities provider's stock valued at $3,273,000 after acquiring an additional 2,049 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of National Grid by 6.3% during the fourth quarter. DAVENPORT & Co LLC now owns 70,514 shares of the utilities provider's stock valued at $4,794,000 after acquiring an additional 4,162 shares during the period. Raymond James & Associates raised its holdings in shares of National Grid by 0.7% during the fourth quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider's stock valued at $85,712,000 after acquiring an additional 8,192 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of National Grid during the third quarter valued at approximately $2,775,000. Finally, FMR LLC raised its holdings in shares of National Grid by 23.9% during the third quarter. FMR LLC now owns 1,648,729 shares of the utilities provider's stock valued at $99,962,000 after acquiring an additional 318,533 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Price Performance

Shares of NYSE NGG traded up $0.32 during trading hours on Monday, hitting $68.65. 186,467 shares of the stock were exchanged, compared to its average volume of 390,235. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.93 and a quick ratio of 0.82. The company's 50 day moving average is $67.04 and its 200 day moving average is $66.10. National Grid plc has a one year low of $56.40 and a one year high of $74.48.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NGG shares. Jefferies Financial Group upgraded shares of National Grid from a "hold" rating to a "buy" rating in a report on Monday, February 5th. BNP Paribas raised shares of National Grid from an "underperform" rating to an "outperform" rating in a research report on Tuesday, April 2nd. StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a research report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Grid from a "hold" rating to a "buy" rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, National Grid 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.