Natural Investments LLC Takes Position in National Grid plc (NYSE:NGG)

Natural Investments LLC purchased a new stake in National Grid plc (NYSE:NGG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,351 shares of the utilities provider’s stock, valued at approximately $674,000.

Several other hedge funds and other institutional investors have also modified their holdings of NGG. Whipplewood Advisors LLC acquired a new position in shares of National Grid in the 4th quarter valued at about $25,000. Larson Financial Group LLC boosted its holdings in shares of National Grid by 145.6% in the 4th quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after buying an additional 415 shares during the period. Rothschild Investment LLC lifted its position in National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares during the last quarter. Eastern Bank lifted its position in National Grid by 52.7% in the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 320 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in National Grid in the 3rd quarter valued at about $60,000. 4.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NGG has been the topic of several recent research reports. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, National Grid presently has an average rating of “Moderate Buy”.

National Grid Stock Up 0.2 %

NGG stock opened at $62.29 on Wednesday. National Grid plc has a 52 week low of $55.13 and a 52 week high of $73.40. The company has a market capitalization of $60.94 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The firm’s 50-day moving average is $60.51 and its two-hundred day moving average is $63.33. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

About National Grid

National Grid plc transmits and distributes electricity and gas. It 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.