Steward Partners Investment Advisory LLC Increases Stock Holdings in National Grid plc (NYSE:NGG)

Steward Partners Investment Advisory LLC boosted its position in National Grid plc (NYSE:NGG) by 85.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,881 shares of the utilities provider’s stock after acquiring an additional 2,247 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in National Grid were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in National Grid in the fourth quarter valued at $25,000. Rothschild Investment LLC boosted its holdings in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares during the last quarter. Quantbot Technologies LP acquired a new position in National Grid in the third quarter valued at $60,000. Eastern Bank lifted its stake in shares of National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 320 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, National Grid presently has an average rating of “Moderate Buy”.

National Grid Trading Up 1.5 %

Shares of NGG opened at $63.25 on Friday. The stock’s 50-day moving average is $60.70 and its two-hundred day moving average is $63.29. The stock has a market cap of $61.89 billion, a PE ratio of 12.16, a P/E/G ratio of 5.64 and a beta of 0.63. National Grid plc has a 12 month low of $54.24 and a 12 month high of $72.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54.

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.