Callan Family Office LLC Invests $337,000 in National Grid plc (NYSE:NGG)

Callan Family Office LLC purchased a new stake in shares of National Grid plc (NYSE:NGG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,669 shares of the utilities provider’s stock, valued at approximately $337,000.

Several other institutional investors also recently added to or reduced their stakes in NGG. Whipplewood Advisors LLC purchased a new position in National Grid in the fourth quarter valued at about $25,000. Rothschild Investment LLC lifted its stake 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 last quarter. Quantbot Technologies LP purchased a new position in National Grid in the third quarter valued at approximately $60,000. Eastern Bank grew its holdings in National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 320 shares during the period. Finally, Addison Advisors LLC increased its position in National Grid by 267.9% in the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock worth $69,000 after buying an additional 718 shares during the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Stock Up 2.1 %

National Grid stock opened at $62.11 on Tuesday. The firm has a market capitalization of $60.77 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 5.64 and a beta of 0.63. The firm has a 50 day simple moving average of $60.45 and a 200 day simple moving average of $63.36. 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.

Analyst Ratings Changes

A number of brokerages have recently commented on NGG. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

National Grid 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.