National Grid plc (NYSE:NGG) Shares Acquired by GQG Partners LLC

GQG Partners LLC lifted its position in shares of National Grid plc (NYSE:NGG) by 234.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,863 shares of the utilities provider’s stock after buying an additional 12,526 shares during the period. GQG Partners LLC’s holdings in National Grid were worth $1,061,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new position in shares of National Grid during the 4th quarter worth $25,000. Larson Financial Group LLC lifted its position in National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock worth $42,000 after buying an additional 415 shares during the period. Rothschild Investment LLC boosted its stake in National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after buying an additional 192 shares during the last quarter. Eastern Bank grew its holdings in National Grid by 52.7% in the 4th quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after buying an additional 320 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of National Grid during the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Analyst Upgrades and Downgrades

NGG has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

National Grid Stock Down 1.6 %

Shares of NYSE:NGG opened at $62.84 on Tuesday. The stock has a 50-day simple moving average of $61.45 and a 200-day simple moving average of $63.12. The stock has a market capitalization of $61.49 billion, a P/E ratio of 12.09, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61.

About National Grid

National Grid plc transmits and distributes electricity and gas. It 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.