Benjamin F. Edwards & Company Inc. Buys 1,889 Shares of National Grid plc (NYSE:NGG)

Benjamin F. Edwards & Company Inc. increased its stake in National Grid plc (NYSE:NGG) by 11.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,202 shares of the utilities provider’s stock after acquiring an additional 1,889 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in National Grid were worth $1,034,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its holdings in shares of National Grid by 11,704.2% in the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock worth $36,917,000 after purchasing an additional 644,553 shares in the last quarter. Beck Bode LLC lifted its position in National Grid by 16.4% in the 2nd quarter. Beck Bode LLC now owns 187,842 shares of the utilities provider’s stock worth $10,669,000 after buying an additional 26,437 shares during the last quarter. Moors & Cabot Inc. boosted its stake in National Grid by 4.8% in the second quarter. Moors & Cabot Inc. now owns 5,425 shares of the utilities provider’s stock worth $308,000 after buying an additional 247 shares in the last quarter. HBK Sorce Advisory LLC grew its position in National Grid by 5.4% during the second quarter. HBK Sorce Advisory LLC now owns 6,691 shares of the utilities provider’s stock valued at $380,000 after acquiring an additional 342 shares during the last quarter. Finally, Wambolt & Associates LLC raised its stake in shares of National Grid by 4.8% during the second quarter. Wambolt & Associates LLC now owns 29,637 shares of the utilities provider’s stock worth $1,693,000 after acquiring an additional 1,357 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of several recent research reports. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Monday, June 3rd. The Goldman Sachs Group upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

National Grid Trading Up 1.3 %

NYSE:NGG opened at $70.46 on Tuesday. The firm has a market capitalization of $55.90 billion, a P/E ratio of 14.44, a P/E/G ratio of 4.81 and a beta of 0.61. The company has a fifty day moving average of $65.54 and a 200 day moving average of $64.59. 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.

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.