Graham Capital Management L.P. Invests $210,000 in National Grid plc (NYSE:NGG)

Graham Capital Management L.P. acquired a new position in shares of National Grid plc (NYSE:NGG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,528 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in National Grid by 27.5% in the fourth quarter. Park Avenue Securities LLC now owns 29,802 shares of the utilities provider’s stock worth $1,771,000 after purchasing an additional 6,423 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of National Grid in the 4th quarter worth $411,000. HB Wealth Management LLC purchased a new position in National Grid during the 4th quarter worth $323,000. Aaron Wealth Advisors LLC grew its stake in National Grid by 9.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 5,842 shares of the utilities provider’s stock worth $347,000 after buying an additional 481 shares during the last quarter. Finally, Liberty One Investment Management LLC increased its position in National Grid by 4.2% during the 4th quarter. Liberty One Investment Management LLC now owns 11,043 shares of the utilities provider’s stock valued at $656,000 after buying an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 4.68% of the company’s stock.

National Grid Price Performance

Shares of NYSE NGG opened at $71.32 on Monday. National Grid plc has a 52 week low of $54.24 and a 52 week high of $74.82. The business’s 50 day moving average price is $67.92 and its 200 day moving average price is $63.46. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. UBS Group cut shares of National Grid from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 29th. StockNews.com downgraded shares of National Grid from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Citigroup reaffirmed a “neutral” rating on shares of National Grid in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About National Grid

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.