Oppenheimer & Co. Inc. Increases Stock Holdings in National Grid plc (NYSE:NGG)

Oppenheimer & Co. Inc. increased its holdings in National Grid plc (NYSE:NGG) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,455 shares of the utilities provider’s stock after purchasing an additional 868 shares during the period. Oppenheimer & Co. Inc.’s holdings in National Grid were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NGG. Janney Montgomery Scott LLC grew its position in shares of National Grid by 2.2% in the third quarter. Janney Montgomery Scott LLC now owns 90,718 shares of the utilities provider’s stock valued at $6,320,000 after purchasing an additional 1,963 shares during the period. Verdence Capital Advisors LLC grew its position in shares of National Grid by 3.4% in the third quarter. Verdence Capital Advisors LLC now owns 23,729 shares of the utilities provider’s stock valued at $1,653,000 after purchasing an additional 775 shares during the period. Assetmark Inc. grew its position in shares of National Grid by 22.5% in the third quarter. Assetmark Inc. now owns 35,299 shares of the utilities provider’s stock valued at $2,459,000 after purchasing an additional 6,492 shares during the period. Primoris Wealth Advisors LLC purchased a new stake in shares of National Grid in the third quarter valued at $231,000. Finally, Atria Investments Inc grew its position in shares of National Grid by 18.9% in the third quarter. Atria Investments Inc now owns 64,741 shares of the utilities provider’s stock valued at $4,510,000 after purchasing an additional 10,310 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

NGG has been the topic of a number of research analyst reports. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Friday. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

National Grid Price Performance

Shares of National Grid stock opened at $60.85 on Friday. 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 $59.54 billion, a P/E ratio of 11.70, a PEG 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. The business’s fifty day moving average price is $60.39 and its 200 day moving average price is $63.39.

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.