C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 3,375 National Grid plc (NYSE:NGG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in National Grid plc (NYSE:NGG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,375 shares of the utilities provider’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NGG. Fortitude Family Office LLC bought a new position in shares of National Grid in the 3rd quarter valued at $37,000. Eastern Bank bought a new position in shares of National Grid in the 3rd quarter valued at $42,000. Quantbot Technologies LP bought a new position in shares of National Grid in the 3rd quarter valued at $60,000. Addison Advisors LLC increased its stake in shares of National Grid by 267.9% in the 3rd quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 718 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 224 shares during the last quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

National Grid Trading Down 0.9 %

Shares of NGG stock opened at $60.73 on Friday. The firm has a market capitalization of $59.42 billion, a P/E ratio of 11.37, a P/E/G ratio of 5.69 and a beta of 0.63. National Grid plc has a twelve month low of $55.13 and a twelve month high of $73.40. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The stock’s fifty day simple moving average is $59.77 and its 200 day simple moving average is $63.69.

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.