Charles Schwab Investment Management Inc. Buys 3,186 Shares of National Grid plc (NYSE:NGG)

Charles Schwab Investment Management Inc. boosted its position in National Grid plc (NYSE:NGG) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,013 shares of the utilities provider’s stock after acquiring an additional 3,186 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in National Grid were worth $3,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in National Grid during the 4th quarter worth approximately $25,000. Rothschild Investment LLC increased its holdings in National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Eastern Bank grew its stake in shares of National Grid by 52.7% in the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 320 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of National Grid in the third quarter valued at approximately $60,000. Finally, IFP Advisors Inc grew its position in National Grid by 20.0% during the fourth quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after buying an additional 174 shares during the period. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Performance

Shares of NYSE NGG opened at $63.53 on Thursday. The firm’s 50-day moving average price is $61.71 and its 200-day moving average price is $63.09. National Grid plc has a 52-week low of $54.24 and a 52-week high of $72.21. The company has a market cap of $62.16 billion, a PE ratio of 12.22, a PEG ratio of 5.64 and a beta of 0.63. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, National Grid presently has an average rating of “Moderate Buy”.

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.