PDS Planning Inc Makes New Investment in National Grid plc (NYSE:NGG)

PDS Planning Inc purchased a new stake in National Grid plc (NYSE:NGG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,073 shares of the utilities provider’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also modified their holdings of NGG. RFP Financial Group LLC raised its holdings in National Grid by 119.8% in the 1st quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 200 shares during the period. Headlands Technologies LLC acquired a new position in shares of National Grid during the 1st quarter worth about $27,000. Richardson Financial Services Inc. bought a new stake in National Grid during the 1st quarter valued at approximately $28,000. Bessemer Group Inc. acquired a new stake in National Grid in the 1st quarter valued at approximately $29,000. Finally, Rothschild Investment LLC bought a new position in National Grid in the 2nd quarter worth approximately $37,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NGG shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Grid in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock. Citigroup lowered shares of National Grid from a “buy” rating to a “neutral” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, National Grid has an average rating of “Moderate Buy”.

National Grid Stock Up 1.6 %

NGG opened at $65.47 on Wednesday. The stock’s 50 day simple moving average is $67.49 and its 200-day simple moving average is $64.58. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.

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.