Gitterman Wealth Management LLC Buys 557 Shares of National Grid plc (NYSE:NGG)

Gitterman Wealth Management LLC boosted its stake in shares of National Grid plc (NYSE:NGG) by 17.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,759 shares of the utilities provider’s stock after purchasing an additional 557 shares during the period. Gitterman Wealth Management LLC’s holdings in National Grid were worth $223,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NGG. FMR LLC raised its position in National Grid by 77.3% during the 3rd quarter. FMR LLC now owns 3,989,726 shares of the utilities provider’s stock valued at $277,964,000 after purchasing an additional 1,739,566 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of National Grid during the 4th quarter worth $67,324,000. Merewether Investment Management LP purchased a new position in shares of National Grid during the third quarter valued at $66,535,000. ABC Arbitrage SA bought a new stake in shares of National Grid in the fourth quarter valued at about $21,706,000. Finally, National Bank of Canada FI lifted its stake in National Grid by 351.1% in the third quarter. National Bank of Canada FI now owns 207,116 shares of the utilities provider’s stock worth $14,429,000 after acquiring an additional 161,204 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NGG has been the topic of a number of research reports. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

National Grid Price Performance

Shares of NGG stock opened at $63.25 on Friday. The stock’s 50-day moving average is $60.70 and its 200 day moving average is $63.26. National Grid plc has a 1-year low of $54.24 and a 1-year high of $72.21. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The company has a market cap of $61.89 billion, a P/E ratio of 12.16, a PEG ratio of 5.64 and a beta of 0.63.

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.