National Grid plc (NYSE:NGG) Shares Purchased by Pitcairn Co.

Pitcairn Co. raised its holdings in shares of National Grid plc (NYSE:NGG) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,874 shares of the utilities provider’s stock after buying an additional 285 shares during the period. Pitcairn Co.’s holdings in National Grid were worth $230,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of National Grid by 20.0% during the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 174 shares in the last quarter. Rothschild Investment LLC raised its position in National Grid by 36.2% in the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 192 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of National Grid by 0.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after buying an additional 198 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of National Grid by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock valued at $73,000 after buying an additional 224 shares in the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

National Grid Price Performance

Shares of NYSE NGG opened at $66.01 on Monday. The business has a 50 day moving average price of $62.53 and a two-hundred day moving average price of $62.87. National Grid plc has a fifty-two week low of $54.24 and a fifty-two week high of $72.21. The firm has a market cap of $64.59 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18.

Analyst Ratings Changes

NGG has been the topic of several recent research reports. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. 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. Finally, StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.