Allworth Financial LP Has $170,000 Stake in National Grid plc (NYSE:NGG)

Allworth Financial LP lowered its holdings in National Grid plc (NYSE:NGG) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,506 shares of the utilities provider’s stock after selling 297 shares during the quarter. Allworth Financial LP’s holdings in National Grid were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NGG. Fairfield Bush & CO. bought a new position in shares of National Grid in the first quarter valued at approximately $36,000. Bank of New York Mellon Corp boosted its holdings in National Grid by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 71,544 shares of the utilities provider’s stock worth $5,501,000 after acquiring an additional 2,222 shares during the last quarter. BlackRock Inc. grew its stake in shares of National Grid by 8.2% in the 1st quarter. BlackRock Inc. now owns 397,048 shares of the utilities provider’s stock worth $30,521,000 after acquiring an additional 30,176 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of National Grid by 103.0% in the first quarter. Cibc World Market Inc. now owns 46,322 shares of the utilities provider’s stock valued at $3,561,000 after purchasing an additional 23,501 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of National Grid by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 606,543 shares of the utilities provider’s stock valued at $46,625,000 after purchasing an additional 31,695 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

NYSE NGG opened at $64.66 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.43. The company has a market cap of $48.10 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 5.31 and a beta of 0.64. National Grid plc has a 52 week low of $56.40 and a 52 week high of $74.48. The firm’s 50-day simple moving average is $66.81 and its two-hundred day simple moving average is $65.25.

Analysts Set New Price Targets

Several research firms have commented on NGG. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, National Grid presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,201.67.

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.