Jones Financial Companies Lllp Acquires 565 Shares of National Grid plc (NYSE:NGG)

Jones Financial Companies Lllp increased its holdings in National Grid plc (NYSE:NGG) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,118 shares of the utilities provider’s stock after purchasing an additional 565 shares during the quarter. Jones Financial Companies Lllp’s holdings in National Grid were worth $185,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in National Grid by 77.3% during 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 last quarter. Merewether Investment Management LP bought a new stake in National Grid during the third quarter valued at $66,535,000. ABC Arbitrage SA bought a new stake in National Grid during the fourth quarter valued at $21,706,000. National Bank of Canada FI boosted its position in 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 valued at $14,429,000 after acquiring an additional 161,204 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in National Grid by 364.4% during the third quarter. Quantinno Capital Management LP now owns 57,256 shares of the utilities provider’s stock valued at $3,989,000 after acquiring an additional 44,926 shares during the last quarter. 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. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

National Grid Price Performance

NGG stock opened at $63.25 on Friday. The stock has a market capitalization of $61.89 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company’s 50-day moving average is $60.70 and its 200-day moving average is $63.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21.

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.