Herold Advisors Inc. Grows Stock Holdings in National Grid plc (NYSE:NGG)

Herold Advisors Inc. grew its holdings in National Grid plc (NYSE:NGG) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,074 shares of the utilities provider’s stock after purchasing an additional 632 shares during the quarter. Herold Advisors Inc.’s holdings in National Grid were worth $753,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NGG. Federated Hermes Inc. raised its position in shares of National Grid by 8.1% during the 4th quarter. Federated Hermes Inc. now owns 2,945,746 shares of the utilities provider’s stock valued at $200,281,000 after buying an additional 220,504 shares during the period. FMR LLC raised its position in shares of National Grid by 23.9% during the 3rd quarter. FMR LLC now owns 1,648,729 shares of the utilities provider’s stock valued at $99,962,000 after buying an additional 318,533 shares during the period. Raymond James & Associates raised its position in shares of National Grid by 0.7% during the 4th quarter. Raymond James & Associates now owns 1,260,656 shares of the utilities provider’s stock valued at $85,712,000 after buying an additional 8,192 shares during the period. Envestnet Asset Management Inc. raised its position in shares of National Grid by 21.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,215,729 shares of the utilities provider’s stock valued at $73,710,000 after buying an additional 214,919 shares during the period. Finally, LPL Financial LLC raised its position in shares of National Grid by 3.8% during the 3rd quarter. LPL Financial LLC now owns 717,563 shares of the utilities provider’s stock valued at $43,506,000 after buying an additional 26,210 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NGG shares. BNP Paribas raised shares of National Grid from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft raised National Grid from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Jefferies Financial Group raised National Grid from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,165.00.

National Grid Stock Performance

NYSE:NGG opened at $66.31 on Friday. National Grid plc has a 52 week low of $56.40 and a 52 week high of $74.48. The company has a fifty day simple moving average of $66.87 and a two-hundred day simple moving average of $65.70. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.93.

About National Grid

National Grid plc transmits and distributes electricity and gas. The company 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.