National Grid plc (NYSE:NGG) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lifted its holdings in shares of National Grid plc (NYSE:NGG) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,047 shares of the utilities provider’s stock after purchasing an additional 311 shares during the quarter. HighPoint Advisor Group LLC’s holdings in National Grid were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NGG. Whipplewood Advisors LLC purchased a new position in National Grid during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its position in shares of National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 198 shares during the period. Larson Financial Group LLC increased its holdings in National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 415 shares during the last quarter. Rothschild Investment LLC raised its position in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares during the period. Finally, Quantbot Technologies LP acquired a new position in National Grid during the third quarter worth $60,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Trading Up 0.0 %

NYSE:NGG opened at $65.79 on Thursday. National Grid plc has a 12-month low of $54.24 and a 12-month high of $72.21. The firm has a market cap of $64.37 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. 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 stock has a fifty day moving average price of $62.24 and a 200 day moving average price of $62.95.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NGG. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently 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.