Schonfeld Strategic Advisors LLC Boosts Holdings in National Grid plc (NYSE:NGG)

Schonfeld Strategic Advisors LLC raised its position in shares of National Grid plc (NYSE:NGG - Free Report) by 86.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,899 shares of the utilities provider's stock after purchasing an additional 19,395 shares during the period. Schonfeld Strategic Advisors LLC's holdings in National Grid were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NGG. Northern Trust Corp raised its position in shares of National Grid by 27.9% in the fourth quarter. Northern Trust Corp now owns 631,574 shares of the utilities provider's stock valued at $37,528,000 after purchasing an additional 137,673 shares during the period. Aquatic Capital Management LLC grew its stake in National Grid by 165.1% in the 4th quarter. Aquatic Capital Management LLC now owns 31,277 shares of the utilities provider's stock valued at $1,858,000 after buying an additional 19,477 shares in the last quarter. Hsbc Holdings PLC raised its holdings in National Grid by 5.7% during the 4th quarter. Hsbc Holdings PLC now owns 5,285 shares of the utilities provider's stock valued at $313,000 after acquiring an additional 283 shares during the period. MML Investors Services LLC lifted its position in shares of National Grid by 3.5% during the fourth quarter. MML Investors Services LLC now owns 76,582 shares of the utilities provider's stock worth $4,550,000 after acquiring an additional 2,622 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of National Grid by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 706,290 shares of the utilities provider's stock worth $41,968,000 after acquiring an additional 12,228 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Price Performance

NGG traded up $0.50 on Friday, reaching $70.68. The company had a trading volume of 875,490 shares, compared to its average volume of 695,477. National Grid plc has a 52-week low of $54.24 and a 52-week high of $74.82. The company has a market cap of $69.16 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The business has a 50 day simple moving average of $67.16 and a 200 day simple moving average of $63.35.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup reissued 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 report on Monday, March 17th. UBS Group cut shares of National Grid from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 29th. Finally, StockNews.com raised shares of National Grid from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, National Grid presently has an average rating of "Moderate Buy".

National Grid Company 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.