Pacer Advisors Inc. Boosts Stake in National Grid plc (NYSE:NGG)

Pacer Advisors Inc. grew its stake in National Grid plc (NYSE:NGG) by 28.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,284 shares of the utilities provider’s stock after acquiring an additional 1,840 shares during the quarter. Pacer Advisors Inc.’s holdings in National Grid were worth $471,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. RFP Financial Group LLC lifted its position in National Grid by 119.8% during the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of National Grid during the 1st quarter valued at $27,000. Richardson Financial Services Inc. acquired a new stake in shares of National Grid in the 1st quarter worth $28,000. Creekmur Asset Management LLC purchased a new position in National Grid during the 4th quarter worth $29,000. Finally, Bessemer Group Inc. acquired a new position in National Grid during the 1st quarter valued at about $29,000. 4.68% of the stock is owned by institutional investors.

National Grid Stock Performance

Shares of NGG opened at $69.73 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.84 and a current ratio of 0.91. The stock has a 50-day moving average of $66.23 and a two-hundred day moving average of $64.65. The stock has a market cap of $55.33 billion, a P/E ratio of 14.23, a P/E/G ratio of 4.89 and a beta of 0.61. National Grid plc has a one year low of $55.13 and a one year high of $73.40.

Analyst Ratings Changes

Several brokerages have weighed in on NGG. The Goldman Sachs Group raised National Grid from a “neutral” rating to a “buy” rating in a report on Wednesday, June 12th. Citigroup upgraded shares of National Grid from a “neutral” rating to a “buy” rating in a research note on Monday, June 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.