Schonfeld Strategic Advisors LLC Increases Stock Position in National Grid plc (NYSE:NGG)

Schonfeld Strategic Advisors LLC lifted its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,899 shares of the utilities provider's stock after purchasing an additional 19,395 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in National Grid were worth $2,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NGG. World Investment Advisors LLC bought a new position in National Grid in the 3rd quarter valued at $522,000. Wilmington Savings Fund Society FSB purchased a new position in National Grid during the third quarter worth about $312,000. GAMMA Investing LLC increased its stake in National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider's stock worth $73,000 after acquiring an additional 224 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of National Grid by 2.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider's stock valued at $720,000 after acquiring an additional 275 shares in the last quarter. Finally, JCIC Asset Management Inc. bought a new position in shares of National Grid in the 4th quarter worth $1,854,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Trading Up 0.3 %

Shares of NYSE:NGG traded up $0.25 during midday trading on Wednesday, hitting $72.55. 473,321 shares of the stock traded hands, compared to its average volume of 688,504. National Grid plc has a one year low of $54.24 and a one year high of $74.82. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The business's 50 day moving average is $66.82 and its two-hundred day moving average is $63.32. The stock has a market capitalization of $70.98 billion, a PE ratio of 13.95, a P/E/G ratio of 5.64 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup reiterated a "neutral" rating on shares of National Grid in a report on Tuesday. Sanford C. Bernstein raised shares of National Grid from a "market perform" rating to an "outperform" rating in a research note on Monday, March 17th. UBS Group cut shares of National Grid from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 29th. Finally, StockNews.com upgraded shares of National Grid from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

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.