US Bancorp DE Acquires 9,292 Shares of National Grid plc (NYSE:NGG)

US Bancorp DE raised its position in National Grid plc (NYSE:NGG) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,410 shares of the utilities provider’s stock after buying an additional 9,292 shares during the quarter. US Bancorp DE’s holdings in National Grid were worth $2,579,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NGG. FMR LLC increased its holdings in National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after buying an additional 1,739,566 shares during the period. Merewether Investment Management LP bought a new position in National Grid in the 3rd quarter valued at about $66,535,000. ABC Arbitrage SA bought a new position in National Grid in the 4th quarter valued at about $21,706,000. National Bank of Canada FI increased its holdings in National Grid by 351.1% in the 3rd quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock valued at $14,429,000 after buying an additional 161,204 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in National Grid by 364.4% in the 3rd quarter. Quantinno Capital Management LP now owns 57,256 shares of the utilities provider’s stock valued at $3,989,000 after buying an additional 44,926 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Trading Down 2.4 %

NGG opened at $59.44 on Friday. The company’s 50 day moving average is $60.36 and its 200-day moving average is $63.43. National Grid plc has a 1-year low of $55.13 and a 1-year high of $73.40. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The company has a market cap of $58.16 billion, a P/E ratio of 11.43, a PEG ratio of 5.64 and a beta of 0.63.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, National Grid currently has an average 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.