Headlands Technologies LLC Takes $164,000 Position in National Grid plc (NYSE:NGG)

Headlands Technologies LLC purchased a new stake in shares of National Grid plc (NYSE:NGG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,758 shares of the utilities provider’s stock, valued at approximately $164,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in National Grid in the fourth quarter valued at $67,324,000. ABC Arbitrage SA acquired a new stake in shares of National Grid during the 4th quarter worth about $21,706,000. Guardian Partners Inc. purchased a new stake in National Grid in the 4th quarter valued at about $9,849,000. National Bank of Canada FI lifted its position in National Grid by 351.1% in the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock valued at $14,429,000 after buying an additional 161,204 shares during the last quarter. Finally, Summit Global Investments boosted its stake in National Grid by 166.7% during the fourth quarter. Summit Global Investments now owns 120,327 shares of the utilities provider’s stock worth $7,150,000 after buying an additional 75,210 shares during the period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Trading Down 4.9 %

Shares of NGG stock opened at $66.01 on Friday. The stock has a market capitalization of $64.59 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week 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. The company has a 50 day moving average price of $62.53 and a 200 day moving average price of $62.92.

Analyst Ratings Changes

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

National Grid Company 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.