Barden Capital Management Inc. Purchases 778 Shares of National Grid plc (NYSE:NGG)

Barden Capital Management Inc. boosted its holdings in shares of National Grid plc (NYSE:NGG) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,437 shares of the utilities provider’s stock after buying an additional 778 shares during the quarter. Barden Capital Management Inc.’s holdings in National Grid were worth $1,006,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NGG. Capital International Investors bought a new position in National Grid during the 1st quarter worth $86,218,000. Hsbc Holdings PLC lifted its position in shares of National Grid by 11,704.2% during the 2nd quarter. Hsbc Holdings PLC now owns 650,060 shares of the utilities provider’s stock worth $36,917,000 after buying an additional 644,553 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of National Grid by 20.3% in the second quarter. Bank of Montreal Can now owns 536,784 shares of the utilities provider’s stock worth $31,005,000 after acquiring an additional 90,722 shares during the last quarter. Marshall Wace LLP bought a new position in National Grid in the 2nd quarter valued at approximately $29,097,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of National Grid by 17.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 480,271 shares of the utilities provider’s stock valued at $27,279,000 after acquiring an additional 71,833 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

Analysts Set New Price Targets

NGG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock. Citigroup downgraded National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, National Grid currently has an average rating of “Moderate Buy”.

National Grid Trading Up 1.2 %

NYSE NGG opened at $68.00 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. The business has a fifty day simple moving average of $67.42 and a 200 day simple moving average of $64.58. National Grid plc has a 12 month low of $55.13 and a 12 month high of $73.40. The firm has a market capitalization of $53.95 billion, a P/E ratio of 13.96, a PEG ratio of 4.50 and a beta of 0.61.

National Grid 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.