Net Worth Advisory Group Invests $271,000 in National Grid plc (NYSE:NGG)

Net Worth Advisory Group bought a new stake in National Grid plc (NYSE:NGG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,887 shares of the utilities provider’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mayflower Financial Advisors LLC boosted its holdings in National Grid by 4.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 3,681 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 160 shares during the period. RFP Financial Group LLC boosted its stake in shares of National Grid by 119.8% in the first quarter. RFP Financial Group LLC now owns 367 shares of the utilities provider’s stock valued at $25,000 after buying an additional 200 shares during the period. Profund Advisors LLC grew its position in National Grid by 3.0% during the second quarter. Profund Advisors LLC now owns 7,003 shares of the utilities provider’s stock worth $398,000 after buying an additional 203 shares in the last quarter. Dearborn Partners LLC increased its stake in National Grid by 5.5% during the 1st quarter. Dearborn Partners LLC now owns 4,120 shares of the utilities provider’s stock worth $281,000 after acquiring an additional 213 shares during the period. Finally, Bailard Inc. raised its holdings in National Grid by 4.4% in the 2nd quarter. Bailard Inc. now owns 5,116 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 217 shares in the last quarter. 4.68% of the stock is currently owned by institutional investors and hedge funds.

National Grid Stock Up 1.2 %

Shares of NGG opened at $68.00 on Monday. The firm has a 50 day simple moving average of $67.42 and a two-hundred day simple moving average of $64.58. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.91 and a quick ratio of 0.84. National Grid plc has a one year low of $55.13 and a one year high of $73.40. The company has a market cap of $53.95 billion, a P/E ratio of 13.96, a P/E/G ratio of 4.50 and a beta of 0.61.

Analyst Ratings Changes

NGG has been the topic of several analyst reports. Citigroup lowered National Grid from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of National Grid in a research note on Wednesday, October 2nd. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, National Grid presently has an average 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.