Benjamin Edwards Inc. Acquires 540 Shares of National Grid plc (NYSE:NGG)

Benjamin Edwards Inc. increased its holdings in National Grid plc (NYSE:NGG) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,830 shares of the utilities provider’s stock after acquiring an additional 540 shares during the period. Benjamin Edwards Inc.’s holdings in National Grid were worth $1,119,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. IFP Advisors Inc raised its holdings in National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 174 shares in the last quarter. Rothschild Investment LLC lifted its holdings 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 buying an additional 192 shares during the period. Verdence Capital Advisors LLC boosted its position in National Grid by 0.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock valued at $1,422,000 after acquiring an additional 196 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings 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 acquiring an additional 198 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 224 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NGG shares. Citigroup restated a “neutral” rating on shares of National Grid in a research report on Tuesday. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. Finally, UBS Group downgraded shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, National Grid currently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NYSE:NGG opened at $70.16 on Friday. The company has a market capitalization of $68.65 billion, a PE ratio of 13.49, a PEG ratio of 5.64 and a beta of 0.63. The business has a fifty day moving average price of $66.99 and a 200-day moving average price of $63.34. National Grid plc has a 1-year low of $54.24 and a 1-year 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.

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.