Commonwealth Equity Services LLC boosted its position in shares of National Grid plc (NYSE:NGG – Get Rating) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,651 shares of the utilities provider’s stock after buying an additional 9,521 shares during the quarter. Commonwealth Equity Services LLC’s holdings in National Grid were worth $8,785,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of NGG. Cozad Asset Management Inc. boosted its stake in shares of National Grid by 4.3% during the 3rd quarter. Cozad Asset Management Inc. now owns 4,558 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 189 shares during the period. IHT Wealth Management LLC grew its position in shares of National Grid by 7.0% during the 1st quarter. IHT Wealth Management LLC now owns 3,211 shares of the utilities provider’s stock worth $247,000 after buying an additional 211 shares in the last quarter. Herold Advisors Inc. increased its stake in shares of National Grid by 2.2% during the third quarter. Herold Advisors Inc. now owns 9,768 shares of the utilities provider’s stock valued at $503,000 after buying an additional 214 shares during the period. Todd Asset Management LLC raised its holdings in shares of National Grid by 1.7% in the third quarter. Todd Asset Management LLC now owns 15,062 shares of the utilities provider’s stock valued at $776,000 after acquiring an additional 256 shares in the last quarter. Finally, Optas LLC lifted its stake in National Grid by 2.2% in the third quarter. Optas LLC now owns 12,187 shares of the utilities provider’s stock worth $627,000 after acquiring an additional 266 shares during the period. 3.49% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on NGG. Deutsche Bank Aktiengesellschaft boosted their price target on shares of National Grid from GBX 1,020 ($12.74) to GBX 1,070 ($13.37) in a report on Friday, January 13th. Berenberg Bank cut their price target on National Grid from GBX 1,210 ($15.12) to GBX 1,100 ($13.74) in a report on Monday, January 23rd. StockNews.com assumed coverage on shares of National Grid in a research note on Thursday, March 16th. They set a “hold” rating for the company. Royal Bank of Canada assumed coverage on National Grid in a research note on Monday, February 13th. They set an “outperform” rating on the stock. Finally, Credit Suisse Group upped their target price on National Grid from GBX 1,150 ($14.37) to GBX 1,250 ($15.62) in a research report on Thursday, April 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, National Grid currently has a consensus rating of “Moderate Buy” and an average target price of $1,173.75.
National Grid Trading Up 0.5 %
About National Grid
National Grid Plc engages in the transmission and distribution of electricity and gas. It operates through the following segments: UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York. The UK Electricity Transmission segment focuses on the high-voltage electricity transmission networks in England and Wales.
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