International Assets Investment Management LLC Acquires Shares of 168,343 National Grid plc (NYSE:NGG)

International Assets Investment Management LLC acquired a new stake in National Grid plc (NYSE:NGG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 168,343 shares of the utilities provider’s stock, valued at approximately $11,446,000.

A number of other institutional investors have also recently made changes to their positions in the company. Ballentine Partners LLC lifted its position in shares of National Grid by 21.5% during the 4th quarter. Ballentine Partners LLC now owns 7,829 shares of the utilities provider’s stock valued at $532,000 after buying an additional 1,386 shares during the last quarter. Trust Point Inc. purchased a new position in shares of National Grid during the 4th quarter valued at $331,000. UMB Bank n.a. lifted its position in shares of National Grid by 22.7% during the 4th quarter. UMB Bank n.a. now owns 826 shares of the utilities provider’s stock valued at $56,000 after buying an additional 153 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of National Grid by 6.3% during the 4th quarter. DAVENPORT & Co LLC now owns 70,514 shares of the utilities provider’s stock valued at $4,794,000 after buying an additional 4,162 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of National Grid by 15.5% during the 4th quarter. Caprock Group LLC now owns 5,871 shares of the utilities provider’s stock valued at $405,000 after buying an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

National Grid Trading Up 0.5 %

Shares of NYSE NGG opened at $65.00 on Friday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93. The business has a 50-day simple moving average of $66.77 and a two-hundred day simple moving average of $65.26. National Grid plc has a 52 week low of $56.40 and a 52 week high of $74.48.

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.