Bleakley Financial Group LLC Buys 1,186 Shares of National Grid plc (NYSE:NGG)

Bleakley Financial Group LLC grew its stake in National Grid plc (NYSE:NGG) by 11.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,135 shares of the utilities provider’s stock after purchasing an additional 1,186 shares during the period. Bleakley Financial Group LLC’s holdings in National Grid were worth $776,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. RFP Financial Group LLC lifted its stake 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 last quarter. Headlands Technologies LLC purchased a new position in National Grid during the 1st quarter valued at $27,000. Richardson Financial Services Inc. purchased a new position in National Grid during the 1st quarter valued at $28,000. Bessemer Group Inc. purchased a new position in National Grid during the 1st quarter valued at $29,000. Finally, Mather Group LLC. purchased a new position in National Grid during the 1st quarter valued at $32,000. 4.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on National Grid in a report on Wednesday, October 2nd. They set a “buy” rating for the company. Citigroup cut National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, National Grid has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NGG stock opened at $67.03 on Tuesday. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The stock has a market capitalization of $53.18 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 4.50 and a beta of 0.61. The stock has a fifty day simple moving average of $67.49 and a two-hundred day simple moving average of $64.57. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41.

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.