SG Americas Securities LLC Takes $166,000 Position in National Grid plc (NYSE:NGG)

SG Americas Securities LLC purchased a new position in shares of National Grid plc (NYSE:NGG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,796 shares of the utilities provider’s stock, valued at approximately $166,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its position in shares of National Grid by 46.0% during the third quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock worth $2,522,000 after acquiring an additional 11,402 shares during the last quarter. XTX Topco Ltd acquired a new position in National Grid in the third quarter valued at approximately $1,624,000. Icon Wealth Advisors LLC grew its stake in National Grid by 1,620.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 38,480 shares of the utilities provider’s stock worth $2,681,000 after buying an additional 36,243 shares during the last quarter. Natixis Advisors LLC grew its position in shares of National Grid by 51.9% during the third quarter. Natixis Advisors LLC now owns 111,526 shares of the utilities provider’s stock worth $7,770,000 after acquiring an additional 38,123 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of National Grid by 351.1% in the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock valued at $14,429,000 after purchasing an additional 161,204 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

National Grid Price Performance

Shares of National Grid stock opened at $61.50 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The firm has a fifty day simple moving average of $59.89 and a 200-day simple moving average of $63.74.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently 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.