Allspring Global Investments Holdings LLC Has $286,000 Stock Position in National Grid plc (NYSE:NGG)

Allspring Global Investments Holdings LLC boosted its holdings in shares of National Grid plc (NYSE:NGG) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,806 shares of the utilities provider’s stock after purchasing an additional 346 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National Grid were worth $286,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NGG. Moors & Cabot Inc. boosted its stake in shares of National Grid by 3.2% in the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 175 shares during the last quarter. Carr Financial Group Corp lifted its holdings in National Grid by 3.9% in the third quarter. Carr Financial Group Corp now owns 5,416 shares of the utilities provider’s stock valued at $377,000 after buying an additional 205 shares during the period. Concord Wealth Partners boosted its stake in National Grid by 11.2% in the third quarter. Concord Wealth Partners now owns 2,053 shares of the utilities provider’s stock valued at $143,000 after acquiring an additional 206 shares during the last quarter. GAMMA Investing LLC grew its holdings in National Grid by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 224 shares during the period. Finally, Coldstream Capital Management Inc. raised its position in shares of National Grid by 5.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,969 shares of the utilities provider’s stock valued at $346,000 after acquiring an additional 242 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Trading Up 0.9 %

Shares of NGG opened at $62.74 on Wednesday. The firm’s 50 day moving average price is $59.94 and its two-hundred day moving average price is $63.56. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned 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.