Rockefeller Capital Management L.P. Acquires Shares of 10,923 National Grid plc (NYSE:NGG)

Rockefeller Capital Management L.P. bought a new stake in shares of National Grid plc (NYSE:NGG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,923 shares of the utilities provider's stock, valued at approximately $651,000.

A number of other institutional investors have also made changes to their positions in NGG. Whipplewood Advisors LLC bought a new position in shares of National Grid in the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. increased its stake in shares of National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider's stock worth $29,000 after purchasing an additional 198 shares during the period. Larson Financial Group LLC increased its stake in shares of National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider's stock worth $42,000 after purchasing an additional 415 shares during the period. Rothschild Investment LLC increased its stake in shares of National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider's stock worth $43,000 after purchasing an additional 192 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of National Grid in the fourth quarter worth about $53,000. 4.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NGG has been the topic of a number of recent analyst reports. Citigroup upgraded National Grid from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein raised National Grid from a "market perform" rating to an "outperform" rating in a research report on Monday, March 17th. Finally, StockNews.com downgraded National Grid from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

National Grid Stock Performance

NGG stock traded up $0.81 during trading on Monday, reaching $72.85. 862,609 shares of the stock were exchanged, compared to its average volume of 677,144. National Grid plc has a twelve month low of $54.24 and a twelve month high of $74.82. The company has a market capitalization of $71.28 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The stock has a 50 day simple moving average of $65.37 and a 200-day simple moving average of $63.03. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

National Grid 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.