Cromwell Holdings LLC Increases Stake in National Grid plc (NYSE:NGG)

Cromwell Holdings LLC boosted its position in shares of National Grid plc (NYSE:NGG) by 135.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,516 shares of the utilities provider’s stock after purchasing an additional 872 shares during the quarter. Cromwell Holdings LLC’s holdings in National Grid were worth $91,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NGG. Fortitude Family Office LLC purchased a new stake in National Grid during the 3rd quarter valued at about $37,000. Eastern Bank purchased a new stake in National Grid during the 3rd quarter valued at about $42,000. Quantbot Technologies LP purchased a new stake in National Grid during the 3rd quarter valued at about $60,000. Addison Advisors LLC grew its position in National Grid by 267.9% during 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 grew its position in National Grid by 22.3% during 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 hedge funds and other institutional investors.

National Grid Stock Performance

Shares of NYSE NGG opened at $61.00 on Friday. The firm’s 50-day moving average price is $59.78 and its 200-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 52-week low of $55.13 and a 52-week high of $73.40.

Analysts Set New Price Targets

NGG has been the topic of several recent analyst reports. StockNews.com downgraded shares of National Grid from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.