Principal Securities Inc. Grows Stake in National Grid plc (NYSE:NGG)

Principal Securities Inc. grew its holdings in National Grid plc (NYSE:NGG) by 13.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,248 shares of the utilities provider’s stock after buying an additional 1,464 shares during the quarter. Principal Securities Inc.’s holdings in National Grid were worth $728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moors & Cabot Inc. lifted its stake in shares of National Grid by 3.2% in the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 175 shares during the period. Carr Financial Group Corp grew its stake in shares of National Grid by 3.9% in the 3rd quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock worth $377,000 after buying an additional 205 shares during the last quarter. Concord Wealth Partners raised its stake in National Grid by 11.2% during the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after buying an additional 206 shares during the last quarter. GAMMA Investing LLC boosted its holdings in National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 224 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in National Grid by 5.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

NGG has been the subject of several analyst reports. StockNews.com downgraded shares of National Grid from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, National Grid has an average rating of “Moderate Buy”.

National Grid Stock Performance

Shares of National Grid stock opened at $61.00 on Friday. The company’s fifty day simple moving average is $59.78 and its 200-day simple moving average is $63.56. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

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.