Natural Investments LLC Makes New Investment in National Grid plc (NYSE:NGG)

Natural Investments LLC purchased a new position in shares of National Grid plc (NYSE:NGG) during the fourth quarter, Holdings Channel.com reports. The fund purchased 11,351 shares of the utilities provider’s stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NGG. FMR LLC raised its holdings in shares of National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock worth $277,964,000 after purchasing an additional 1,739,566 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of National Grid in the 4th quarter worth approximately $67,324,000. Merewether Investment Management LP bought a new stake in shares of National Grid in the 3rd quarter worth approximately $66,535,000. ABC Arbitrage SA bought a new stake in shares of National Grid in the 4th quarter worth approximately $21,706,000. Finally, National Bank of Canada FI raised its holdings in shares of 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 worth $14,429,000 after purchasing an additional 161,204 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NGG has been the topic of several analyst reports. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy”.

National Grid Stock Performance

National Grid stock opened at $62.29 on Wednesday. The firm’s 50 day simple moving average is $60.51 and its 200-day simple moving average is $63.33. The company has a market cap of $60.94 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a fifty-two week low of $55.13 and a fifty-two week high of $73.40.

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.