Northern Trust Corp Has $37.53 Million Stock Holdings in National Grid plc (NYSE:NGG)

Northern Trust Corp grew its stake in National Grid plc (NYSE:NGG) by 27.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 631,574 shares of the utilities provider’s stock after buying an additional 137,673 shares during the period. Northern Trust Corp’s holdings in National Grid were worth $37,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its holdings in National Grid by 11.9% in the fourth quarter. FMR LLC now owns 4,462,898 shares of the utilities provider’s stock valued at $265,185,000 after purchasing an additional 473,172 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of National Grid by 5.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,405,185 shares of the utilities provider’s stock valued at $83,496,000 after acquiring an additional 68,587 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of National Grid in the 4th quarter valued at approximately $67,324,000. LPL Financial LLC raised its position in shares of National Grid by 3.3% in the 4th quarter. LPL Financial LLC now owns 781,572 shares of the utilities provider’s stock valued at $46,441,000 after acquiring an additional 25,082 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in National Grid by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 706,290 shares of the utilities provider’s stock worth $41,968,000 after acquiring an additional 12,228 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors.

National Grid Trading Up 0.7 %

NGG opened at $70.68 on Friday. The stock has a market capitalization of $69.16 billion, a P/E ratio of 13.59, a P/E/G ratio of 5.64 and a beta of 0.63. The company has a current ratio of 1.61, a quick ratio of 1.54 and a debt-to-equity ratio of 1.18. National Grid plc has a 12 month low of $54.24 and a 12 month high of $74.82. The firm’s fifty day simple moving average is $67.16 and its 200 day simple moving average is $63.37.

Wall Street Analysts Forecast Growth

NGG has been the topic of several analyst reports. UBS Group lowered shares of National Grid from a “buy” rating to a “neutral” rating in a report on Tuesday, April 29th. Citigroup reiterated a “neutral” rating on shares of National Grid in a report on Tuesday. Sanford C. Bernstein upgraded National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Finally, StockNews.com upgraded National Grid from a “sell” rating to a “hold” rating in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.