Global Retirement Partners LLC lifted its stake in shares of National Grid plc (NYSE:NGG – Free Report) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,014 shares of the utilities provider’s stock after purchasing an additional 322 shares during the period. Global Retirement Partners LLC’s holdings in National Grid were worth $73,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Truist Financial Corp lifted its holdings in National Grid by 3.0% during the 1st quarter. Truist Financial Corp now owns 336,505 shares of the utilities provider’s stock worth $22,879,000 after buying an additional 9,859 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in National Grid by 3.0% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,876 shares of the utilities provider’s stock valued at $467,000 after acquiring an additional 198 shares during the last quarter. Assetmark Inc. increased its position in National Grid by 102.5% in the first quarter. Assetmark Inc. now owns 9,670 shares of the utilities provider’s stock worth $657,000 after purchasing an additional 4,894 shares during the period. Lester Murray Antman dba SimplyRich increased its position in National Grid by 20.5% in the first quarter. Lester Murray Antman dba SimplyRich now owns 16,548 shares of the utilities provider’s stock worth $1,125,000 after purchasing an additional 2,816 shares during the period. Finally, Saratoga Research & Investment Management bought a new stake in National Grid during the 1st quarter worth about $224,000. 4.24% of the stock is owned by institutional investors.
National Grid Price Performance
Shares of NGG opened at $63.41 on Monday. The company has a current ratio of 1.00, a quick ratio of 0.91 and a debt-to-equity ratio of 1.35. National Grid plc has a 52-week low of $47.22 and a 52-week high of $74.48. The stock has a 50 day simple moving average of $66.51 and a 200 day simple moving average of $66.92.
National Grid Increases Dividend
Analyst Ratings Changes
A number of brokerages have issued reports on NGG. Credit Suisse Group raised their price objective on shares of National Grid from GBX 1,250 ($15.97) to GBX 1,280 ($16.36) in a research note on Wednesday, May 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on National Grid from GBX 1,080 ($13.80) to GBX 1,050 ($13.42) in a research note on Friday, June 23rd. The Goldman Sachs Group assumed coverage on National Grid in a research note on Monday, July 17th. They issued a “neutral” rating on the stock. StockNews.com initiated coverage on National Grid in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of National Grid from GBX 1,150 ($14.70) to GBX 1,275 ($16.29) in a research report on Monday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,176.25.
Check Out Our Latest Report on NGG
National Grid 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.
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