Atlantic Family Wealth LLC Invests $235,000 in National Grid plc (NYSE:NGG)

Atlantic Family Wealth LLC bought a new position in National Grid plc (NYSE:NGG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,956 shares of the utilities provider’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cromwell Holdings LLC boosted its holdings in shares of National Grid by 135.4% in the 4th quarter. Cromwell Holdings LLC now owns 1,516 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 872 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of National Grid by 15.5% in the 4th quarter. Ieq Capital LLC now owns 3,473 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 466 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of National Grid by 31.0% in the 4th quarter. Global Retirement Partners LLC now owns 4,292 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 1,016 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of National Grid in the 4th quarter worth approximately $201,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of National Grid in the 4th quarter worth approximately $239,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Trading Up 0.3 %

NYSE:NGG opened at $61.27 on Friday. The stock’s fifty day moving average price is $59.81 and its two-hundred day moving average price is $63.56. National Grid plc has a 52-week low of $55.13 and a 52-week 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.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com downgraded National Grid from a “hold” rating to a “sell” rating in a report on Monday, February 17th. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the stock 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.