National Grid plc (NYSE:NGG) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada boosted its position in National Grid plc (NYSE:NGG) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,742,865 shares of the utilities provider’s stock after purchasing an additional 1,133 shares during the quarter. Royal Bank of Canada’s holdings in National Grid were worth $103,560,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NGG. IFP Advisors Inc raised its position 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 worth $62,000 after buying an additional 174 shares in the last quarter. Rothschild Investment LLC raised its position in shares of National Grid by 36.2% during the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after buying an additional 192 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of National Grid by 0.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after buying an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of National Grid by 67.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock worth $29,000 after buying an additional 198 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its position in shares of National Grid by 6.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 3,678 shares of the utilities provider’s stock worth $219,000 after buying an additional 230 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NGG has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of National Grid in a research report on Tuesday, May 6th. Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. UBS Group downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a report on Tuesday, April 29th. Barclays reiterated an “overweight” rating on shares of National Grid in a report on Friday. Finally, StockNews.com downgraded shares of National Grid from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

National Grid Stock Up 1.6%

NYSE NGG opened at $72.41 on Tuesday. 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 company’s 50 day simple moving average is $68.13 and its 200 day simple moving average is $63.52. National Grid plc has a 12 month low of $54.24 and a 12 month high of $74.82. The company has a market capitalization of $70.85 billion, a P/E ratio of 13.93, a PEG ratio of 5.64 and a beta of 0.63.

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.