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

Advisor Partners LLC raised its holdings in National Grid plc (NYSE:NGG) by 23.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,761 shares of the utilities provider’s stock after buying an additional 1,289 shares during the period. Advisor Partners LLC’s holdings in National Grid were worth $422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NGG. Parametric Portfolio Associates LLC raised its position in shares of National Grid by 17.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 728,027 shares of the utilities provider’s stock valued at $39,408,000 after purchasing an additional 109,736 shares in the last quarter. Invesco Ltd. raised its position in shares of National Grid by 16.4% in the 2nd quarter. Invesco Ltd. now owns 419,092 shares of the utilities provider’s stock valued at $22,287,000 after purchasing an additional 58,907 shares in the last quarter. UBS Group AG raised its position in shares of National Grid by 33.8% in the 2nd quarter. UBS Group AG now owns 177,797 shares of the utilities provider’s stock valued at $9,456,000 after purchasing an additional 44,873 shares in the last quarter. State Street Corp raised its position in shares of National Grid by 153.9% in the 3rd quarter. State Street Corp now owns 72,166 shares of the utilities provider’s stock valued at $3,906,000 after purchasing an additional 43,741 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of National Grid by 206.3% in the 3rd quarter. SG Americas Securities LLC now owns 60,550 shares of the utilities provider’s stock valued at $3,278,000 after purchasing an additional 40,783 shares in the last quarter. 5.14% of the stock is currently owned by institutional investors.

Shares of NYSE NGG opened at $65.46 on Tuesday. National Grid plc has a twelve month low of $48.83 and a twelve month high of $66.46. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $48.41 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 8.33 and a beta of 0.46. The business has a 50 day simple moving average of $62.47 and a 200-day simple moving average of $56.41.

A number of equities analysts have issued reports on the company. Credit Suisse Group raised National Grid from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 17th. Zacks Investment Research raised National Grid from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, November 20th. Exane BNP Paribas lowered National Grid from an “outperform” rating to a “neutral” rating in a research report on Friday, January 10th. Finally, BNP Paribas lowered National Grid from an “outperform” rating to a “neutral” rating in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. National Grid currently has a consensus rating of “Buy” and a consensus target price of $65.00.

About National Grid

National Grid plc transmits and distributes electricity and natural gas. It operates through UK Electricity Transmission, UK Gas Transmission, US Regulated, and National Grid Ventures and Other Activities segments. The UK Electricity Transmission segment owns and operates electricity transmission networks, which comprise approximately 7,200 kilometers of overhead lines; 1,560 kilometers of underground cables; and 346 substations in England and Wales, as well as Scottish electricity transmission systems.

Featured Story: If I purchase shares through a brokerage account, am I the holder of record?

Want to see what other hedge funds are holding NGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Grid plc (NYSE:NGG).

Institutional Ownership by Quarter for National Grid (NYSE:NGG)

Receive News & Ratings for National Grid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Grid and related companies with MarketBeat.com's FREE daily email newsletter.