Quantinno Capital Management LP Acquires 29,975 Shares of National Grid plc (NYSE:NGG)

Quantinno Capital Management LP lifted its holdings in National Grid plc (NYSE:NGG) by 52.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,231 shares of the utilities provider’s stock after purchasing an additional 29,975 shares during the period. Quantinno Capital Management LP’s holdings in National Grid were worth $5,183,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NGG. Merewether Investment Management LP increased its stake in National Grid by 10.3% during the fourth quarter. Merewether Investment Management LP now owns 1,053,461 shares of the utilities provider’s stock valued at $62,597,000 after acquiring an additional 98,461 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in National Grid during the fourth quarter valued at about $1,194,000. Graham Capital Management L.P. bought a new position in National Grid during the fourth quarter valued at about $210,000. Focus Partners Wealth increased its stake in National Grid by 59.9% during the fourth quarter. Focus Partners Wealth now owns 9,339 shares of the utilities provider’s stock valued at $557,000 after acquiring an additional 3,499 shares during the period. Finally, Fullcircle Wealth LLC increased its stake in National Grid by 7.8% during the fourth quarter. Fullcircle Wealth LLC now owns 3,288 shares of the utilities provider’s stock valued at $201,000 after acquiring an additional 237 shares during the period. 4.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NGG shares. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a research note on Monday, March 17th. UBS Group lowered National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. StockNews.com lowered National Grid from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Citigroup reiterated a “neutral” rating on shares of National Grid in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, National Grid presently has an average rating of “Hold”.

National Grid Trading Up 1.8%

NGG stock opened at $71.32 on Friday. National Grid plc has a 1-year low of $54.24 and a 1-year high of $74.82. The firm has a market cap of $69.78 billion, a P/E ratio of 13.72, a P/E/G ratio of 5.64 and a beta of 0.63. The business’s 50 day moving average is $67.92 and its 200-day moving average is $63.46. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18.

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.