D. E. Shaw & Co. Inc. Boosts Holdings in National Grid plc (NYSE:NGG)

D. E. Shaw & Co. Inc. raised its position in National Grid plc (NYSE:NGG) by 5,134.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 330,706 shares of the utilities provider’s stock after buying an additional 324,388 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in National Grid were worth $19,651,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NGG. FMR LLC increased its stake in shares of National Grid by 11.9% during the fourth quarter. FMR LLC now owns 4,462,898 shares of the utilities provider’s stock worth $265,185,000 after acquiring an additional 473,172 shares during the period. JPMorgan Chase & Co. increased its position in National Grid by 5.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider’s stock worth $83,496,000 after purchasing an additional 68,587 shares during the period. Raymond James Financial Inc. acquired a new position in National Grid during the 4th quarter worth approximately $67,324,000. LPL Financial LLC raised its stake in shares of National Grid by 3.3% during the 4th quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider’s stock worth $46,441,000 after buying an additional 25,082 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of National Grid by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 706,290 shares of the utilities provider’s stock valued at $41,968,000 after buying an additional 12,228 shares during the period. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NGG shares. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. StockNews.com upgraded shares of National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Citigroup reiterated a “neutral” rating on shares of National Grid in a research note on Tuesday, May 6th. Finally, UBS Group lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

National Grid Stock Down 4.5%

NGG opened at $67.48 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.54 and a current ratio of 1.61. The company has a market cap of $66.03 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a one year low of $54.24 and a one year high of $74.82. The business’s fifty day moving average is $67.29 and its two-hundred day moving average is $63.34.

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.