National Grid plc (NYSE:NGG) Stake Lifted by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its position in shares of National Grid plc (NYSE:NGG) by 16.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,845 shares of the utilities provider’s stock after purchasing an additional 1,948 shares during the period. Bleakley Financial Group LLC’s holdings in National Grid were worth $941,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in shares of National Grid in the 1st quarter worth $36,000. Tower Research Capital LLC TRC grew its holdings in National Grid by 57.0% during the first quarter. Tower Research Capital LLC TRC now owns 661 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 240 shares during the period. Exchange Traded Concepts LLC bought a new stake in National Grid in the third quarter worth about $52,000. Planned Solutions Inc. acquired a new stake in National Grid in the 4th quarter valued at about $53,000. Finally, Penserra Capital Management LLC boosted its position in shares of National Grid by 50.2% during the 4th quarter. Penserra Capital Management LLC now owns 910 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 304 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

National Grid Stock Performance

Shares of NYSE:NGG opened at $64.66 on Friday. The firm has a 50 day simple moving average of $66.81 and a 200 day simple moving average of $65.25. National Grid plc has a 52 week low of $56.40 and a 52 week high of $74.48. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93.

National Grid Company 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.