Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys 2,504 Shares of National Grid plc (NYSE:NGG)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of National Grid plc (NYSE:NGG) by 50.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,484 shares of the utilities provider’s stock after purchasing an additional 2,504 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in National Grid were worth $445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new position in shares of National Grid during the fourth quarter valued at about $25,000. 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 buying an additional 192 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of National Grid during the third quarter valued at about $60,000. Eastern Bank grew its stake in shares of National Grid by 52.7% during the fourth quarter. Eastern Bank now owns 927 shares of the utilities provider’s stock valued at $55,000 after buying an additional 320 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in shares of National Grid by 267.9% during the third quarter. Addison Advisors LLC now owns 986 shares of the utilities provider’s stock valued at $69,000 after buying an additional 718 shares during the last quarter. 4.68% of the stock is owned by institutional investors.

National Grid Stock Up 2.4 %

NYSE NGG opened at $60.85 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. The stock has a market capitalization of $59.54 billion, a PE ratio of 11.70, a PEG ratio of 5.64 and a beta of 0.63. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40. The business’s 50-day moving average is $60.39 and its 200 day moving average is $63.40.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NGG shares. StockNews.com raised National Grid from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup raised National Grid from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

National Grid 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.