Caprock Group LLC Buys 786 Shares of National Grid plc (NYSE:NGG)

Caprock Group LLC lifted its holdings in National Grid plc (NYSE:NGGFree Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,871 shares of the utilities provider’s stock after buying an additional 786 shares during the quarter. Caprock Group LLC’s holdings in National Grid were worth $405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbour Investments Inc. raised its holdings in shares of National Grid by 15.7% in the first quarter. Harbour Investments Inc. now owns 1,061 shares of the utilities provider’s stock worth $72,000 after buying an additional 144 shares during the period. Bailard Inc. raised its holdings in shares of National Grid by 3.5% in the third quarter. Bailard Inc. now owns 5,088 shares of the utilities provider’s stock worth $309,000 after buying an additional 170 shares during the period. Concord Wealth Partners raised its holdings in shares of National Grid by 9.8% in the third quarter. Concord Wealth Partners now owns 1,922 shares of the utilities provider’s stock worth $117,000 after buying an additional 171 shares during the period. Dearborn Partners LLC raised its holdings in shares of National Grid by 3.8% in the third quarter. Dearborn Partners LLC now owns 4,803 shares of the utilities provider’s stock worth $291,000 after buying an additional 177 shares during the period. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of National Grid by 14.5% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,445 shares of the utilities provider’s stock worth $98,000 after buying an additional 183 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group upgraded National Grid from a “neutral” rating to a “buy” rating in a report on Monday, December 11th. Jefferies Financial Group upgraded National Grid from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft upgraded National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, StockNews.com downgraded National Grid from a “hold” rating to a “sell” rating in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,201.67.

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National Grid Price Performance

Shares of NYSE:NGG opened at $68.22 on Monday. National Grid plc has a 12-month low of $56.40 and a 12-month high of $74.48. The business’s fifty day simple moving average is $66.87 and its 200-day simple moving average is $65.08. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43.

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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