IFP Advisors Inc Buys 174 Shares of National Grid plc (NYSE:NGG)

IFP Advisors Inc raised its stake in National Grid plc (NYSE:NGG) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,043 shares of the utilities provider’s stock after acquiring an additional 174 shares during the quarter. IFP Advisors Inc’s holdings in National Grid were worth $62,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Eastern Bank raised its holdings in National Grid by 52.7% in the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 320 shares during the period. Quantbot Technologies LP bought a new position in National Grid in the 3rd quarter valued at about $60,000. Addison Advisors LLC raised its holdings in National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 718 shares during the period. GAMMA Investing LLC increased its holdings in shares of National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares during the period. Finally, Cromwell Holdings LLC increased its holdings in shares of National Grid by 135.4% during the fourth quarter. Cromwell Holdings LLC now owns 1,516 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 872 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Stock Down 2.4 %

Shares of NGG opened at $60.88 on Thursday. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The firm’s 50 day moving average is $60.35 and its 200-day moving average is $63.46. The stock has a market capitalization of $59.57 billion, a PE ratio of 11.71, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, National Grid 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.