Graney & King LLC Acquires Shares of 3,399 National Grid plc (NYSE:NGG)

Graney & King LLC bought a new position in shares of National Grid plc (NYSE:NGG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,399 shares of the utilities provider’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new position in shares of National Grid in the third quarter worth about $248,000. Pathstone Holdings LLC increased its holdings in shares of National Grid by 46.0% in the 3rd quarter. Pathstone Holdings LLC now owns 36,202 shares of the utilities provider’s stock valued at $2,522,000 after acquiring an additional 11,402 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of National Grid by 2.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,678 shares of the utilities provider’s stock valued at $1,023,000 after acquiring an additional 282 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in National Grid by 134.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 61,827 shares of the utilities provider’s stock worth $4,307,000 after purchasing an additional 35,451 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in National Grid by 105.9% in the third quarter. Cerity Partners LLC now owns 35,159 shares of the utilities provider’s stock worth $2,450,000 after purchasing an additional 18,081 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Sanford C. Bernstein raised shares of National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

National Grid Trading Up 0.3 %

NYSE:NGG opened at $63.01 on Wednesday. National Grid plc has a 1 year low of $54.24 and a 1 year high of $72.21. The business has a fifty day moving average of $61.59 and a 200-day moving average of $63.08. 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 stock has a market cap of $61.65 billion, a price-to-earnings ratio of 12.12, 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.