Intrust Bank NA Purchases 288 Shares of National Grid plc (NYSE:NGG)

Intrust Bank NA grew its holdings in National Grid plc (NYSE:NGG) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,654 shares of the utilities provider’s stock after purchasing an additional 288 shares during the quarter. Intrust Bank NA’s holdings in National Grid were worth $1,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NGG. Exchange Traded Concepts LLC bought a new stake in shares of National Grid during the 3rd quarter valued at $52,000. Simplicity Solutions LLC increased its position in shares of National Grid by 5.7% during the third quarter. Simplicity Solutions LLC now owns 11,897 shares of the utilities provider’s stock worth $721,000 after acquiring an additional 637 shares in the last quarter. Golden State Equity Partners boosted its stake in National Grid by 10.5% in the 3rd quarter. Golden State Equity Partners now owns 3,653 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 347 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in National Grid by 127.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 31,617 shares of the utilities provider’s stock worth $1,917,000 after purchasing an additional 17,725 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA raised its stake in shares of National Grid by 3.8% in the 3rd quarter. Beach Investment Counsel Inc. PA now owns 57,191 shares of the utilities provider’s stock valued at $3,467,000 after purchasing an additional 2,100 shares during the period. 4.68% of the stock is owned by institutional investors.

National Grid Trading Down 0.5 %

Shares of NGG traded down $0.36 during midday trading on Tuesday, reaching $66.76. 22,791 shares of the stock were exchanged, compared to its average volume of 391,694. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. The stock’s 50 day simple moving average is $66.91 and its 200 day simple moving average is $65.83. National Grid plc has a twelve month low of $56.40 and a twelve month high of $74.48.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. BNP Paribas upgraded shares of National Grid from an “underperform” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,165.00.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. The company 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.