National Grid plc (NYSE:NGG) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 37.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,894 shares of the utilities provider's stock after acquiring an additional 20,370 shares during the quarter. QRG Capital Management Inc.'s holdings in National Grid were worth $5,092,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NGG. Federated Hermes Inc. grew its holdings in National Grid by 8.1% during the 4th quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider's stock worth $200,281,000 after acquiring an additional 220,504 shares during the last quarter. FMR LLC raised its holdings in National Grid by 23.9% during the 3rd quarter. FMR LLC now owns 1,648,729 shares of the utilities provider's stock worth $99,962,000 after purchasing an additional 318,533 shares during the last quarter. Raymond James & Associates boosted its stake in shares of National Grid by 0.7% in the 4th quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider's stock valued at $85,712,000 after purchasing an additional 8,192 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of National Grid by 21.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider's stock worth $73,710,000 after buying an additional 214,919 shares during the period. Finally, LPL Financial LLC raised its stake in shares of National Grid by 3.8% during the third quarter. LPL Financial LLC now owns 717,563 shares of the utilities provider's stock worth $43,506,000 after buying an additional 26,210 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company's stock.

National Grid Trading Down 0.6 %

NGG traded down $0.41 during trading on Monday, reaching $70.80. 246,373 shares of the company's stock were exchanged, compared to its average volume of 382,743. The firm has a fifty day moving average price of $67.36 and a two-hundred day moving average price of $66.41. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. National Grid plc has a one year low of $56.40 and a one year high of $73.89.

Wall Street Analyst Weigh In

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

National Grid 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.