Avantax Advisory Services Inc. Grows Stock Holdings in National Grid plc (NYSE:NGG)

Avantax Advisory Services Inc. raised its stake in National Grid plc (NYSE:NGG) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,646 shares of the utilities provider’s stock after buying an additional 772 shares during the period. Avantax Advisory Services Inc.’s holdings in National Grid were worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in National Grid by 20.0% in the 4th quarter. IFP Advisors Inc now owns 1,043 shares of the utilities provider’s stock valued at $62,000 after buying an additional 174 shares during the period. Moors & Cabot Inc. lifted its position in shares of National Grid by 3.2% in the 3rd quarter. Moors & Cabot Inc. now owns 5,600 shares of the utilities provider’s stock worth $390,000 after purchasing an additional 175 shares during the period. Rothschild Investment LLC lifted its position in shares of National Grid by 36.2% in the 4th quarter. Rothschild Investment LLC now owns 723 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 192 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of National Grid by 0.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 23,925 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 196 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of National Grid by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 224 shares during the period. 4.68% of the stock is owned by hedge funds and other institutional investors.

National Grid Trading Up 1.5 %

NYSE NGG opened at $63.25 on Friday. 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 firm has a market cap of $61.89 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 5.64 and a beta of 0.63. The company has a 50 day moving average price of $60.70 and a 200 day moving average price of $63.29. National Grid plc has a 52 week low of $54.24 and a 52 week high of $72.21.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NGG shares. Citigroup raised shares of National Grid from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised shares of National Grid from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock 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.