LPL Financial LLC Raises Stock Holdings in National Grid plc (NYSE:NGG)

LPL Financial LLC raised its stake in National Grid plc (NYSE:NGG) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 781,572 shares of the utilities provider’s stock after purchasing an additional 25,082 shares during the period. LPL Financial LLC owned 0.08% of National Grid worth $46,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NGG. FMR LLC grew its position in shares of National Grid by 77.3% in the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock worth $277,964,000 after buying an additional 1,739,566 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in National Grid in the fourth quarter valued at approximately $67,324,000. Merewether Investment Management LP purchased a new position in National Grid in the third quarter worth $66,535,000. ABC Arbitrage SA acquired a new position in shares of National Grid during the fourth quarter worth $21,706,000. Finally, Guardian Partners Inc. purchased a new stake in shares of National Grid during the 4th quarter valued at $9,849,000. 4.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NGG. Citigroup upgraded National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

National Grid Stock Up 0.5 %

National Grid stock opened at $63.91 on Friday. The business’s 50-day simple moving average is $61.80 and its two-hundred day simple moving average is $63.09. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market cap of $62.53 billion, a PE ratio of 12.29, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21.

National Grid Profile

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.