National Grid plc (NYSE:NGG) Stock Holdings Increased by Northern Trust Corp

Northern Trust Corp increased its stake in shares of National Grid plc (NYSE:NGG) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 631,574 shares of the utilities provider’s stock after purchasing an additional 137,673 shares during the quarter. Northern Trust Corp owned approximately 0.06% of National Grid worth $37,528,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC purchased a new stake in shares of National Grid during the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. raised its position in National Grid by 67.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 198 shares in the last quarter. Larson Financial Group LLC lifted its stake in National Grid by 145.6% in the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 415 shares during the last quarter. Rothschild Investment LLC grew 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 worth $43,000 after acquiring an additional 192 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of National Grid during the 4th quarter worth $53,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Stock Performance

NYSE NGG opened at $70.68 on Friday. National Grid plc has a 1-year low of $54.24 and a 1-year high of $74.82. The company has a 50 day moving average of $67.16 and a 200-day moving average of $63.37. 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 firm has a market cap of $69.16 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 5.64 and a beta of 0.63.

Analyst Ratings Changes

Several equities analysts have commented on NGG shares. 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. UBS Group downgraded National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. Citigroup reaffirmed a “neutral” rating on shares of National Grid in a research report on Tuesday. Finally, StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, National Grid currently 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.