Level Four Advisory Services LLC Takes $286,000 Position in National Grid plc (NYSE:NGG)

Level Four Advisory Services LLC acquired a new stake in shares of National Grid plc (NYSE:NGGFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,210 shares of the utilities provider’s stock, valued at approximately $286,000.

Several other institutional investors have also recently made changes to their positions in the stock. Ahrens Investment Partners LLC acquired a new stake in shares of National Grid in the 1st quarter worth about $26,000. Fairfield Bush & CO. bought a new stake in National Grid in the 1st quarter worth about $36,000. Heritage Wealth Management LLC grew its position in National Grid by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 250 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in National Grid in the 4th quarter worth about $39,000. Finally, Tower Research Capital LLC TRC grew its position in National Grid by 57.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 4.40% of the company’s stock.

National Grid Stock Performance

NYSE NGG opened at $64.07 on Tuesday. National Grid plc has a 1 year low of $47.22 and a 1 year high of $74.48. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.00 and a quick ratio of 0.91. The stock has a market capitalization of $47.26 billion, a PE ratio of 13.84 and a beta of 0.65. The company’s 50 day simple moving average is $64.31 and its two-hundred day simple moving average is $66.77.

Wall Street Analyst Weigh In

NGG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of National Grid from GBX 1,080 ($13.38) to GBX 1,050 ($13.01) in a research report on Friday, June 23rd. The Goldman Sachs Group initiated coverage on shares of National Grid in a research report on Monday, July 17th. They set a “neutral” rating for the company. StockNews.com initiated coverage on shares of National Grid in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Credit Suisse Group increased their target price on shares of National Grid from GBX 1,250 ($15.48) to GBX 1,280 ($15.86) in a research report on Wednesday, May 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,176.25.

Read Our Latest Report on National Grid

National Grid Company Profile

(Free Report)

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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Institutional Ownership by Quarter for National Grid (NYSE:NGG)

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