NewEdge Advisors LLC Has $463,000 Stock Position in National Grid plc (NYSE:NGG)

NewEdge Advisors LLC increased its position in shares of National Grid plc (NYSE:NGG) by 6.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,796 shares of the utilities provider’s stock after buying an additional 440 shares during the quarter. NewEdge Advisors LLC’s holdings in National Grid were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NGG. World Investment Advisors LLC bought a new position in shares of National Grid during the 3rd quarter worth about $522,000. Wilmington Savings Fund Society FSB bought a new stake in National Grid in the third quarter valued at about $312,000. Franklin Resources Inc. bought a new stake in National Grid in the third quarter valued at about $316,000. GAMMA Investing LLC grew its stake in National Grid by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after buying an additional 224 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in National Grid by 2.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,125 shares of the utilities provider’s stock worth $720,000 after buying an additional 275 shares during the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NGG has been the topic of several research analyst reports. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. StockNews.com lowered shares of National Grid from a “hold” rating to a “sell” rating in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein upgraded shares of National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

National Grid Price Performance

NYSE NGG opened at $72.85 on Tuesday. The firm’s 50 day moving average is $65.37 and its 200-day moving average is $63.03. The company has a quick ratio of 1.54, a current ratio of 1.61 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $71.28 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 5.64 and a beta of 0.58. National Grid plc has a 12-month low of $54.24 and a 12-month high of $74.82.

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.