American Century Companies Inc. Has $9.73 Million Stock Position in National Grid plc (NYSE:NGG)

American Century Companies Inc. grew its holdings in National Grid plc (NYSE:NGG) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,802 shares of the utilities provider’s stock after purchasing an additional 23,552 shares during the period. American Century Companies Inc.’s holdings in National Grid were worth $9,733,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in National Grid by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock valued at $265,000 after buying an additional 868 shares during the last quarter. XTX Topco Ltd bought a new position in shares of National Grid in the 3rd quarter valued at about $1,624,000. National Bank of Canada FI increased its position in shares of National Grid by 351.1% in 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. Walleye Capital LLC bought a new stake in National Grid during the third quarter worth about $962,000. Finally, Atria Wealth Solutions Inc. bought a new stake in National Grid during the fourth quarter worth about $239,000. Institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

NYSE:NGG opened at $65.79 on Thursday. National Grid plc has a 12-month low of $54.24 and a 12-month high of $72.21. The firm has a market capitalization of $64.37 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 5.64 and a beta of 0.63. The stock’s 50 day moving average price is $62.24 and its two-hundred day moving average price is $62.95. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

Analyst Ratings Changes

Several research firms have weighed in on NGG. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently 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.