7,207 Shares in National Grid plc (NYSE:NGG) Purchased by Choreo LLC

Choreo LLC purchased a new position in National Grid plc (NYSE:NGG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,207 shares of the utilities provider’s stock, valued at approximately $412,000.

Other institutional investors also recently modified their holdings of the company. RFP Financial Group LLC increased its stake in National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Headlands Technologies LLC bought a new stake in National Grid during the 1st quarter valued at about $27,000. Richardson Financial Services Inc. bought a new stake in National Grid during the 1st quarter valued at about $28,000. Creekmur Asset Management LLC bought a new stake in National Grid during the 4th quarter valued at about $29,000. Finally, Bessemer Group Inc. bought a new stake in National Grid during the 1st quarter valued at about $29,000. 4.68% of the stock is currently owned by institutional investors.

National Grid Stock Performance

Shares of NYSE NGG opened at $70.13 on Tuesday. The firm’s 50-day moving average price is $64.71 and its 200-day moving average price is $64.52. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.41. National Grid plc has a 52-week low of $55.13 and a 52-week high of $73.40.

Analyst Ratings Changes

A number of research firms have weighed in on NGG. The Goldman Sachs Group upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 12th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

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.