National Grid plc (NYSE:NGG) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of National Grid plc (NYSE:NGG) by 52.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,231 shares of the utilities provider’s stock after buying an additional 29,975 shares during the period. Quantinno Capital Management LP’s holdings in National Grid were worth $5,183,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NGG. Whipplewood Advisors LLC purchased a new stake in National Grid during the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. grew its position in National Grid by 67.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 491 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 198 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of National Grid by 145.6% during the fourth quarter. Larson Financial Group LLC now owns 700 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 415 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of National Grid by 36.2% during the fourth quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 192 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in National Grid in the fourth quarter valued at about $53,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Trading Up 1.8%

National Grid stock opened at $71.32 on Friday. 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 business’s 50-day simple moving average is $67.92 and its 200-day simple moving average is $63.46. The firm has a market capitalization of $69.78 billion, a PE ratio of 13.72, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 52 week low of $54.24 and a 52 week high of $74.82.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NGG shares. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a report on Monday, March 17th. Citigroup restated a “neutral” rating on shares of National Grid in a report on Tuesday, May 6th. StockNews.com cut National Grid from a “hold” rating to a “sell” rating in a research report on Friday. Finally, UBS Group cut National Grid from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.