National Grid plc (NYSE:NGG) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in National Grid plc (NYSE:NGG) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,796 shares of the utilities provider’s stock after acquiring an additional 440 shares during the period. NewEdge Advisors LLC’s holdings in National Grid were worth $463,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in National Grid by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock valued at $265,000 after buying an additional 868 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in National Grid during the fourth quarter valued at approximately $239,000. Hennion & Walsh Asset Management Inc. acquired a new position in National Grid during the fourth quarter valued at approximately $411,000. JCIC Asset Management Inc. acquired a new position in National Grid during the fourth quarter valued at approximately $1,854,000. Finally, Burney Co. purchased a new stake in shares of National Grid during the fourth quarter valued at approximately $604,000. 4.68% of the stock is owned by institutional investors and hedge funds.

National Grid Price Performance

NYSE NGG opened at $72.85 on Tuesday. National Grid plc has a 12 month low of $54.24 and a 12 month high of $74.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The firm has a market capitalization of $71.28 billion, a PE ratio of 14.01, a P/E/G ratio of 5.64 and a beta of 0.58. The company’s 50 day simple moving average is $65.37 and its 200 day simple moving average is $63.03.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NGG shares. StockNews.com lowered shares of National Grid from a “hold” rating to a “sell” rating in a research note on Tuesday, April 22nd. 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. Finally, Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.