Naviter Wealth LLC Raises Stake in National Grid plc (NYSE:NGG)

Naviter Wealth LLC boosted its position in National Grid plc (NYSE:NGG) by 17.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,733 shares of the utilities provider’s stock after buying an additional 3,138 shares during the period. Naviter Wealth LLC’s holdings in National Grid were worth $1,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NGG. Fisher Asset Management LLC boosted its holdings in National Grid by 23.8% in the fourth quarter. Fisher Asset Management LLC now owns 7,125 shares of the utilities provider’s stock valued at $484,000 after purchasing an additional 1,369 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in National Grid in the 4th quarter worth approximately $550,000. CWM LLC boosted its position in National Grid by 22.5% in the 1st quarter. CWM LLC now owns 4,191 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 771 shares in the last quarter. GAMMA Investing LLC boosted its position in National Grid by 99.3% in the 1st quarter. GAMMA Investing LLC now owns 1,730 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 862 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in National Grid in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

NGG has been the topic of several recent research reports. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, National Grid has a consensus rating of “Moderate Buy”.

National Grid Trading Down 1.4 %

Shares of NYSE:NGG opened at $67.18 on Friday. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The firm has a market capitalization of $53.30 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 4.50 and a beta of 0.61. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. The business’s 50 day moving average price is $67.33 and its 200-day moving average price is $64.63.

National Grid Company 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.