Ashton Thomas Private Wealth LLC Takes Position in National Grid plc (NYSE:NGG)

Ashton Thomas Private Wealth LLC bought a new position in shares of National Grid plc (NYSE:NGG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,196 shares of the utilities provider’s stock, valued at approximately $68,000.

Several other large investors have also recently bought and sold shares of the stock. Mayflower Financial Advisors LLC raised its stake in shares of National Grid by 4.5% during the 1st quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 160 shares in the last quarter. RFP Financial Group LLC raised its holdings in shares of National Grid by 119.8% in the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 200 shares during the period. Dearborn Partners LLC lifted its stake in National Grid by 5.5% in the 1st quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock valued at $281,000 after purchasing an additional 213 shares during the last quarter. Bailard Inc. grew its holdings in National Grid by 4.4% during the second quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 217 shares during the period. Finally, Bruce G. Allen Investments LLC increased its position in National Grid by 26.0% during the second quarter. Bruce G. Allen Investments LLC now owns 1,082 shares of the utilities provider’s stock worth $61,000 after buying an additional 223 shares during the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Monday, June 3rd. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Trading Up 0.5 %

Shares of NYSE:NGG opened at $69.60 on Friday. National Grid plc has a 12-month low of $55.13 and a 12-month high of $73.40. The business has a 50 day moving average of $64.52 and a 200-day moving average of $64.51. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91.

About National Grid

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.