Park Avenue Securities LLC boosted its stake in National Grid plc (NYSE:NGG – Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,561 shares of the utilities provider’s stock after purchasing an additional 447 shares during the period. Park Avenue Securities LLC’s holdings in National Grid were worth $854,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Financial Solutions LLC acquired a new stake in National Grid in the fourth quarter valued at $26,000. Ellevest Inc. increased its position in National Grid by 1,067.6% during the 4th quarter. Ellevest Inc. now owns 432 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 395 shares during the period. EWG Elevate Inc. acquired a new stake in National Grid during the 4th quarter valued at approximately $30,000. Heritage Wealth Management LLC increased its position in National Grid by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 250 shares during the period. Finally, Fairfield Bush & CO. acquired a new stake in National Grid during the 1st quarter valued at approximately $36,000. 4.24% of the stock is currently owned by institutional investors and hedge funds.
National Grid Price Performance
Shares of NGG opened at $67.60 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.91 and a current ratio of 1.00. The stock has a 50-day moving average of $69.27 and a 200-day moving average of $66.11. National Grid plc has a one year low of $47.22 and a one year high of $74.48.
National Grid Increases Dividend
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NGG. StockNews.com began coverage on shares of National Grid in a research report on Thursday, May 18th. They set a “hold” rating for the company. JPMorgan Chase & Co. increased their price target on National Grid from GBX 1,150 ($14.60) to GBX 1,275 ($16.18) in a report on Monday, April 17th. Credit Suisse Group increased their price target on National Grid from GBX 1,250 ($15.86) to GBX 1,280 ($16.25) in a report on Wednesday, May 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on National Grid from GBX 1,080 ($13.71) to GBX 1,050 ($13.33) in a report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,176.25.
About National Grid
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.
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