3,277 Shares in National Grid plc (NYSE:NGG) Purchased by Merit Financial Group LLC

Merit Financial Group LLC bought a new stake in National Grid plc (NYSE:NGG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,277 shares of the utilities provider’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of National Grid by 383.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,446 shares of the utilities provider’s stock worth $982,000 after acquiring an additional 11,459 shares in the last quarter. Summit Global Investments acquired a new stake in shares of National Grid in the 4th quarter valued at $1,049,000. First Horizon Advisors Inc. increased its stake in shares of National Grid by 23.2% in the 4th quarter. First Horizon Advisors Inc. now owns 1,310 shares of the utilities provider’s stock valued at $89,000 after purchasing an additional 247 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of National Grid by 25.4% in the 4th quarter. Fisher Asset Management LLC now owns 7,219 shares of the utilities provider’s stock valued at $491,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of National Grid by 10.9% during the 4th quarter. Hexagon Capital Partners LLC now owns 3,659 shares of the utilities provider’s stock worth $249,000 after buying an additional 359 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Up 1.4 %

Shares of NGG opened at $70.80 on Friday. The stock’s 50-day moving average price is $67.18 and its two-hundred day moving average price is $66.20. National Grid plc has a 12 month low of $56.40 and a 12 month high of $74.48. The company has a market capitalization of $52.67 billion, a PE ratio of 13.83, a PEG ratio of 4.18 and a beta of 0.65. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NGG shares. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised shares of National Grid from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. BNP Paribas upgraded shares of National Grid from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 2nd. Finally, Jefferies Financial Group upgraded National Grid from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,165.00.

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.