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

Gallagher Fiduciary Advisors LLC boosted its stake in National Grid plc (NYSE:NGG) by 31.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,006 shares of the utilities provider’s stock after acquiring an additional 3,133 shares during the period. Gallagher Fiduciary Advisors LLC’s holdings in National Grid were worth $773,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NGG. Schonfeld Strategic Advisors LLC grew its stake in shares of National Grid by 86.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 41,899 shares of the utilities provider’s stock valued at $2,490,000 after purchasing an additional 19,395 shares during the last quarter. Northern Trust Corp grew its position in National Grid by 27.9% in the 4th quarter. Northern Trust Corp now owns 631,574 shares of the utilities provider’s stock valued at $37,528,000 after buying an additional 137,673 shares during the last quarter. Aquatic Capital Management LLC grew its position in National Grid by 165.1% in the 4th quarter. Aquatic Capital Management LLC now owns 31,277 shares of the utilities provider’s stock valued at $1,858,000 after buying an additional 19,477 shares during the last quarter. Hsbc Holdings PLC increased its stake in National Grid by 5.7% in the 4th quarter. Hsbc Holdings PLC now owns 5,285 shares of the utilities provider’s stock valued at $313,000 after buying an additional 283 shares during the period. Finally, MML Investors Services LLC raised its position in National Grid by 3.5% during the 4th quarter. MML Investors Services LLC now owns 76,582 shares of the utilities provider’s stock worth $4,550,000 after buying an additional 2,622 shares during the last quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

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

National Grid Trading Down 1.8 %

Shares of National Grid stock opened at $71.67 on Friday. The company has a 50-day moving average of $66.03 and a two-hundred day moving average of $63.20. National Grid plc has a 12-month low of $54.24 and a 12-month high of $74.82. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. The stock has a market cap of $70.13 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58.

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.