4,027 Shares in National Grid plc (NYSE:NGG) Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. bought a new position in shares of National Grid plc (NYSE:NGG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,027 shares of the utilities provider’s stock, valued at approximately $239,000.

Several other institutional investors have also recently added to or reduced their stakes in NGG. FMR LLC boosted its holdings in shares of National Grid by 77.3% in the third quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after acquiring an additional 1,739,566 shares during the period. Merewether Investment Management LP acquired a new stake in shares of National Grid in the third quarter valued at approximately $66,535,000. ABC Arbitrage SA acquired a new stake in shares of National Grid in the fourth quarter valued at approximately $21,706,000. National Bank of Canada FI lifted its holdings in shares of National Grid by 351.1% during the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after purchasing an additional 161,204 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of National Grid by 364.4% during the third quarter. Quantinno Capital Management LP now owns 57,256 shares of the utilities provider’s stock worth $3,989,000 after purchasing an additional 44,926 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

NGG has been the subject of several recent research reports. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

National Grid Stock Performance

NYSE NGG opened at $62.09 on Friday. The firm has a market capitalization of $60.75 billion, a P/E ratio of 11.94, a P/E/G ratio of 5.64 and a beta of 0.63. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The business’s 50-day simple moving average is $60.19 and its 200-day simple moving average is $63.52.

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.