National Grid plc (NYSE:NGG) Stock Holdings Increased by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in shares of National Grid plc (NYSE:NGG) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,425 shares of the utilities provider’s stock after buying an additional 247 shares during the period. Moors & Cabot Inc.’s holdings in National Grid were worth $308,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. RFP Financial Group LLC boosted its stake in shares of National Grid by 119.8% during the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Headlands Technologies LLC purchased a new stake in National Grid during the first quarter valued at about $27,000. Richardson Financial Services Inc. purchased a new stake in National Grid during the first quarter valued at about $28,000. Bessemer Group Inc. acquired a new position in shares of National Grid in the first quarter worth about $29,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of National Grid in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

Several 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 report on Wednesday, June 12th. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NYSE:NGG opened at $69.54 on Friday. The firm has a market cap of $55.17 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 4.81 and a beta of 0.61. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. The business has a fifty day simple moving average of $65.35 and a 200 day simple moving average of $64.63.

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.