Graham Capital Management L.P. Invests $210,000 in National Grid plc (NYSE:NGG)

Graham Capital Management L.P. acquired a new stake in shares of National Grid plc (NYSE:NGG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,528 shares of the utilities provider’s stock, valued at approximately $210,000.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its position in shares of National Grid by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 868 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in National Grid during the 4th quarter valued at about $239,000. Hennion & Walsh Asset Management Inc. purchased a new stake in National Grid in the 4th quarter valued at about $411,000. Crossmark Global Holdings Inc. boosted its position in National Grid by 13.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 119,170 shares of the utilities provider’s stock valued at $7,081,000 after buying an additional 13,864 shares during the period. Finally, Blue Trust Inc. grew its stake in National Grid by 92.9% in the 4th quarter. Blue Trust Inc. now owns 9,774 shares of the utilities provider’s stock worth $581,000 after acquiring an additional 4,707 shares in the last quarter. Institutional investors own 4.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NGG shares. StockNews.com lowered National Grid from a “hold” rating to a “sell” rating in a report on Friday. Citigroup reiterated a “neutral” rating on shares of National Grid in a report on Tuesday, May 6th. Sanford C. Bernstein raised National Grid from a “market perform” rating to an “outperform” rating in a research report on Monday, March 17th. Finally, UBS Group downgraded National Grid from a “buy” rating to a “neutral” rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

National Grid Stock Performance

Shares of NGG stock opened at $71.32 on Monday. The firm has a market cap of $69.78 billion, a price-to-earnings 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. 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’s 50 day moving average is $67.92 and its 200 day moving average is $63.46.

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.